Q1

Theprimaryobjectiveofmanagementaccountingis

A)toprovidebanksandothercreditorswithinformationusefulinmakingcreditdecisions.

B)toprovideshareholdersandpotentialinvestorswithusefulinformationfordecision making.

C)toprovidemanagementwithinformationusefulforplanningandcontrolofoperations.

D)toprovidetherelevanttaxationauthoritieswithinformationabouttaxableincome.

• Question 2
• PointsSettingthecompany'sprofittargetsfortheupcomingyearisanexampleofthemanagement functionof
• A)planning.
• B)varianceanalysis.
• C)internalauditing.
• D)control.
• Question 3
• ____isdevotedtoprovidinginformationforexternalusers.
• A)Costaccounting
• B)Financialaccounting
• C)Managementaccounting
• D)Internalaccounting
• Question 4
• WhichofthefollowingcharacteristicsdoesNOTpertaintomanagementaccounting?

• A)hasexternallyimposedstandards

• B)generatesspecific-purposefinancialstatementsandreports

• C)providesinformationandestimatesaboutfutureactivity

• D)providesfinancialandoperatingdatamultidisciplinaryinscope
• Question 5
• An example of a committed fixed cost is:
• A)research and development.
• B)a long-term equipment lease.
• C)advertising.
• D)management training seminars.
• Question 6
• Managementaccountingisthebranchofaccountingconcernedwithreportingto
• A)internalmanagers.
• B)thegovernment.
• C)bankers.
• D)shareholders.
• Question 7
• Themonitoringofaplan'simplementationiscalled
• A)planning.
• B)controlling.
• C)decisionmaking.
• D)budgeting.