TRUE OR FALES 1 Normative theories contain at least one premise stating how things should be 2 Inductive approaches to accounting theory usually attempt to be descriptive 3 The use of research in accounting results in the field being referred to as an academic discipline 4 The scientific method refers to the formal procedures used to derive the laws and principles that govern scientific disciplines, such as physics and chemistry, and is therefore not used in the published research on accounting 5 An important segment of accounting theory is derived from the research process MULTIPLE CHOICE 1 Which of the following examines or tests data, usually from a sample of a population, to make inferences about the population a Deductive reasoning b Inductive reasoning c Subjective reasoning d Objective reasoning Which of the following refers to accounting information that is used by investors, creditors, and other outside parties for analyzing management performance and decision making a Managerial accounting b Financial accounting c Income tax accounting d Institutional accounting Which of the following statements regarding behavioral research is true a It is a normative approach b The main concern of this type of research is how users of accounting information make decisions and what information they need c Many studies have shown that there are no discrepancies between normative decision models and the actual decision process of users d Since behavioral research is positive in approach, it is impossible to reach a conclusion regarding whether or not the usage of accounting data for decision making purposes could be improved upon Which of the following is not true regarding agency theory a It is also called contracting theory b Its underlying assumption is that individuals act in their own best self interest c Few agency relationships between parties may be defined or governed by accounting numbers d It is concerned with the various costs of monitoring and enforcing relations among management, owners, creditors, and government Critical accounting a Developed from two other areas of accounting, behavioral accounting and agency theory b Is concerned with the economic rather than social role of accountants c Presumes a sharp separation between the researcher and his or her field of investigation d Views accounting as having a pivotal role in adjudicating conflicts between the corporation and constituencies such as labor, consumers, and the general public

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TRUE OR FALES 1. Normative theories contain at least one premise stating how things should be. 2. Inductive approaches to accounting theory usually attempt to

TRUE OR FALES

1. Normative theories contain at least one premise stating how things should be.

2. Inductive approaches to accounting theory usually attempt to be descriptive

3. The use of research in accounting results in the field being referred to as an academic discipline.

4. The scientific method refers to the formal procedures used to derive the laws and principles that govern scientific disciplines, such as physics and chemistry, and is therefore not used in the published research on accounting

5. An important segment of accounting theory is derived from the research process

MULTIPLE CHOICE

Which of the following examines or tests data, usually from a sample of a population, to make inferences about the population? a. Deductive reasoning b. Inductive reasoning c. Subjective reasoning d. Objective reasoning
Which of the following refers to accounting information that is used by investors, creditors, and other outside parties for analyzing management performance and decision-making? a. Managerial accounting b. Financial accounting c. Income tax accounting d. Institutional accounting
Which of the following statements regarding behavioral research is true? a. It is a normative approach. b. The main concern of this type of research is how users of accounting information make decisions and what information they need. c. Many studies have shown that there are no discrepancies between normative decision models and the actual decision process of users. d. Since behavioral research is positive in approach, it is impossible to reach a conclusion regarding whether or not the usage of accounting data for decision-making purposes could be improved upon.
Which of the following is not true regarding agency theory? a. It is also called contracting theory. b. Its underlying assumption is that individuals act in their own best self- interest. c. Few agency relationships between parties may be defined or governed by accounting numbers. d. It is concerned with the various costs of monitoring and enforcing relations among management, owners, creditors, and government.
Critical accounting: a. Developed from two other areas of accounting, behavioral accounting and agency theory. b. Is concerned with the economic rather than social role of accountants. c. Presumes a sharp separation between the researcher and his or her field of investigation. d. Views accounting as having a pivotal role in adjudicating conflicts between the corporation and constituencies such as labor, consumers, and the general public.