29 Jun Question Multiple Choice Questions
Question
Multiple Choice Questions
1. Managerial accountants:
A. rarely become involved in an organization’s decision-making activities.
B. make decisions that focus solely on an organization’s accounting matters.
C. collect data and provide information so that decisions can be made.
D. often serve as a cross-functional team member, making a wide range of decisions.
E. become involved in activities “C” and “D.”
2. Factors in a decision problem that cannot be expressed in numerical terms are:
A. qualitative in nature.
B. quantitative in nature.
C. predictive in nature.
D. sensitive in nature.
E. uncertain in nature.
3. At which step or steps in the decision-making process do qualitative considerations generally have the greatest impact?
A. Specifying the criterion and identifying the alternatives.
B. Developing a decision model.
C. Collecting the data.
D. Making a decision.
E. Identifying the alternatives.
4. An accounting information system should be designed to provide information that is useful. To be useful the information must be:
A. qualitative rather than quantitative.
B. unique and unavailable through other sources.
C. historical in nature and not purport to predict the future.
D. marginal between two alternatives.
E. relevant, accurate, and timely.
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