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Which of the following phrases is primarily relevant to financial accounting as opposed to managerial accounting?

Select one:

A.Analyzing cost drivers

B.Helping managers to make decisions

C.Conforming to external standards

D.Evaluating a company's strategic position

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In order to be useful to managers, management accounting reports

Select one:

A.should be prepared according to the stated Institute of Management Accounting guidelines.

B.should be prepared to meet the specific needs of decision makers.

C.should not be prepared prior to the end of a fiscal reporting period.

D.should be prepared according to Generally Accepted Accounting Principals.

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Delegating responsibility and authority to employees in an organization is an example of

Select one:

A.organizing.

B.controlling.

C.planning.

D.motivating.

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Which of the following can be considered to be unethical behavior?

Select one:

A.Building up inventory in anticipation of increased sales in the next accounting period

B.Forecasting the amount of ending inventory on hand at the end of a budgetary period

C.Transferring ending inventory to another warehouse in another geographic location

D.Keeping inventory that is unlikely to be used so as to avoid recording a loss

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The process of making the organization into a well-ordered whole is referred to as

Select one:

A.organizing.

B.controlling.

C.motivating.

D.planning.

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Which of the following best describes corporate governance?

Select one:

A.Understanding the difference between right and wrong

B.What is permitted under the law

C.The moral quality, fitness, or propriety of a course of action that can injure or benefit people

D.The system of policies, processes, laws, and regulations that affect the way a company is directed and controlled

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The process of ensuring that results agree with plans is referred to as

Select one:

A.decision making.

B.controlling.

C.planning.

D.organizing.

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Which of the following can be considered to be unethical behavior?

Select one:

A.Accelerating or decelerating shipments at the end of the quarter to meet current earnings forecasts

B.Ordering more raw materials than forecasted in anticipation of uncertain demand

C.Allocating overhead costs to a product based on labor hours

D.Estimating sales in order to prepare the annual budget for the company

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Question textWorld-class companies must continuously struggle to improve performance in the dimension(s) of

Select one:

A.price/cost.

B.service.

C.quality.

D.all of the above.

Question10

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A code of ethics should do which of the following?

Select one:

A.Provide a summary of a company's policies that define ethical standards of employee conduct

B.Include broad philosophical statements about behavior

C.Provide a common foundation for addressing ethical issues

D.All of the above