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Question 1

Question 1

Question
1
The process of identifying, measuring, analyzing, interpreting, and communicating information in pursuit of an organization’s goals is called which of the following? (LO1)
A) Managerial accounting
B) Financial accounting
C) E-Commerce
D) Management

2
Which of the following statements is false? (LO1)
A) The role of managerial accounting has changed over the past decade.
B) The role of the managerial accountant has changed from “number cruncher” to “business partner.”
C) Managerial accountants play an integral role in the organization’s management team in its efforts to create value or the organization.
D) Managerial accountants tend to work in a separate accounting department.

3
Which of the following is included in the day-to-day work of the management team? (LO 2)
A) Decision making
B) Planning
C) Controlling
D) All of the above

4
Determining how much inventory to carry or how much cash will be needed to meet short-term obligations is which of the day-to-day work of the management team? (LO 2)
A) Decision making
B) Planning
C) Controlling
D) Directing operational activities.

5
Deciding which alternative courses of action best achieve the goals of the organization is which of the day-to-day work of the management team? (LO 2)
A) Decision making
B) Planning
C) Controlling
D) Directing operational activities

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