Test Bank for Management Accounting, 5th Edition – Eldenburg, Brooks & Vesty | Verified
Questions & Answers | 2025/2026 Update
1. Reasonable yet highly ambitious and compelling goals that energize people and inspire
excellence are called ______ goals.
a. aspirational
b. acceptable
c. visionary
d. stretch
e. motivational d. stretch
2. Goals that are so big, inspiring, and outside the prevailing paradigm that they hit people in
the gut and shift their thinking are called ______ goals.
a. aspirational
b. big hairy audacious
c. visionary
d. stretch
e. motivational b. big hairy audacious
3. To develop _____ plans, managers identify important factors in the environment, such as
possible economic downturns, declining markets, increases in cost of supplies, new
technological developments, or safety accidents.
a. emergency
b. risk
c. scenario
d. contingency
e. obsolescence d. contingency
,4. In building _____, managers look at current trends and discontinuities and visualize future
possibilities.
a. emergency plans
b. risk abatements
c. scenarios
d. contingencies
e. vision plans c. scenarios
5. Measures that reflect how well lower-level goals help the organization progress toward
attaining its strategic goal are called ______.
a. key performance indicators
b. objective indicators
c. outcomes
d. critical assessments
e. behavioral indicators a. key performance indicators
6. Meadow Branch Corporation leadership believes that when managers pursue their activities
in the right way, positive outcomes will result. Their approach is best described as management
by ______.
a. indicator
b. objectives
c. means
d. outcome
e. goal c. means
8. The ultimate impact of goals depends on _____.
, a. the extent to which goal achievement is tied to meaningful rewards
b. whether employees regard them as reasonable
c. the extent to which they inspire employees
d. the degree of management buy-in
e. whether or not employees had a voice in the formulation of the goals a. the extend to
which goal achievement is tied to meaningful rewards
9. The task environment sectors are the most relevant to strategic behavior and include the
behavior of competitors, customers, suppliers, and the labor supply.
a. True
b. False True
10. A goal is a desired future circumstance or condition that the organization attempts to
realize.
a. True
b. False True
11. During the strategy execution phase, operational goals are defined.
a. True
b. False False
12. Operational plans and goals focus on the outcomes that major divisions and departments
must achieve in order for the organization to reach its overall goals.
a. True
b. False False
Questions & Answers | 2025/2026 Update
1. Reasonable yet highly ambitious and compelling goals that energize people and inspire
excellence are called ______ goals.
a. aspirational
b. acceptable
c. visionary
d. stretch
e. motivational d. stretch
2. Goals that are so big, inspiring, and outside the prevailing paradigm that they hit people in
the gut and shift their thinking are called ______ goals.
a. aspirational
b. big hairy audacious
c. visionary
d. stretch
e. motivational b. big hairy audacious
3. To develop _____ plans, managers identify important factors in the environment, such as
possible economic downturns, declining markets, increases in cost of supplies, new
technological developments, or safety accidents.
a. emergency
b. risk
c. scenario
d. contingency
e. obsolescence d. contingency
,4. In building _____, managers look at current trends and discontinuities and visualize future
possibilities.
a. emergency plans
b. risk abatements
c. scenarios
d. contingencies
e. vision plans c. scenarios
5. Measures that reflect how well lower-level goals help the organization progress toward
attaining its strategic goal are called ______.
a. key performance indicators
b. objective indicators
c. outcomes
d. critical assessments
e. behavioral indicators a. key performance indicators
6. Meadow Branch Corporation leadership believes that when managers pursue their activities
in the right way, positive outcomes will result. Their approach is best described as management
by ______.
a. indicator
b. objectives
c. means
d. outcome
e. goal c. means
8. The ultimate impact of goals depends on _____.
, a. the extent to which goal achievement is tied to meaningful rewards
b. whether employees regard them as reasonable
c. the extent to which they inspire employees
d. the degree of management buy-in
e. whether or not employees had a voice in the formulation of the goals a. the extend to
which goal achievement is tied to meaningful rewards
9. The task environment sectors are the most relevant to strategic behavior and include the
behavior of competitors, customers, suppliers, and the labor supply.
a. True
b. False True
10. A goal is a desired future circumstance or condition that the organization attempts to
realize.
a. True
b. False True
11. During the strategy execution phase, operational goals are defined.
a. True
b. False False
12. Operational plans and goals focus on the outcomes that major divisions and departments
must achieve in order for the organization to reach its overall goals.
a. True
b. False False
