Test Bank for Mass Communication Living in a Media World 7th Edition Hanson

Chapter 1
1. The managerial activity of monitoring a plan's implementation and taking corrective action as needed is referred to as
decision making.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE True / False
:
HAS VARIABLES: False

LEARNING OBJE ACCT.MOWE.18.1-1 - LO: 01-01
CTIVES:
NATIONAL STAN United States - BUSPROG: Analytic
DARDS:
STATE STANDAR United States - AK - ACBSP: APC-26 - Management Functions
DS: United States - AK - AICPA: FN-Decision Modeling
United States - AK - IMA: Decision Analysis
KEYWORDS: Bloom's: Remembering
NOTES: 1 min.
DATE CREATED: 9/20/2016 10:37 AM

DATE MODIFIE 9/20/2016 10:37 AM
D:
QUESTION ID: JFND-GO3A-EFDD-OO3T
QUESTION G GCID-E7BW-1TBP-CPUD-GQBZ-CRHS-G3BA-CI1N-4PUF-CAH1-4CTW-CR4N-4PUB-CIO1-4CBW-
LOBAL ID: GCAU-ECUN-GJDI-GWN8-EPRW-EMJT-GA4U-1CUR-GIOU-NQDR-8RSS-RAUG-8YSS-KCUN-
GOSU-1P3O-CESU-GCTT-CA3D-1CUR-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

2. Managerial accounting information is not important for not-for-profit organizations.
a. True
b. False
ANSWER: False
RATIONALE: Managerial accounting information is important for all types of organizations.
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE True / False
:
HAS VARIABLES: False

LEARNING OBJE ACCT.MOWE.18.1-1 - LO: 01-01
CTIVES:
NATIONAL STAN United States - BUSPROG: Analytic
DARDS:
STATE STANDAR United States - AK - ACBSP: APC-25 - Managerial Characteristics/Terminology
DS: United States - AK - AICPA: FN-Reporting
United States - AK - IMA: Business Applications
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,Chapter 1
KEYWORDS: Bloom's: Understanding
NOTES: 1 min.
DATE CREATED: 9/20/2016 10:37 AM

DATE MODIFIE 9/20/2016 10:37 AM
D:
QUESTION ID: JFND-GO3A-EFDD-OO3Z
QUESTION G GCID-E7BW-1TBP-CPUD-GQBZ-CRHS-G3BA-CI1N-4PUF-CAH1-4CTW-CR4N-4PUB-CIO1-4CBW-
LOBAL ID: GCAU-ECUN-GJDI-GWN8-EPRW-EMMN-GO5U-EPBO-GRAG-E3TW-GOSU-NA3Z-8RSU-OA5D-
GOSU-OA3S-GCSU-R3DN-CWAU-E3DG-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

3. Management accounting information is only used by manufacturing organizations.
a. True
b. False
ANSWER: False
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE True / False
:
HAS VARIABLES: False

LEARNING OBJE ACCT.MOWE.18.1-1 - LO: 01-01
CTIVES:
NATIONAL STAN United States - BUSPROG: Analytic
DARDS:
STATE STANDAR United States - AK - ACBSP: APC-25 - Managerial Characteristics/Terminology
DS: United States - AK - AICPA: FN-Reporting
United States - AK - IMA: Business Applications
KEYWORDS: Bloom's: Understanding
NOTES: 1 min.
DATE CREATED: 9/20/2016 10:37 AM

DATE MODIFIE 9/20/2016 10:37 AM
D:
QUESTION ID: JFND-GO3A-EFDD-OO3S
QUESTION G GCID-E7BW-1TBP-CPUD-GQBZ-CRHS-G3BA-CI1N-4PUF-CAH1-4CTW-CR4N-4PUB-CIO1-4CBW-
LOBAL ID: GCAU-ECUN-GJDI-GWN8-EPRW-EMMG-GYAS-RPDF-GT1S-GAUF-GESU-NPJU-8RSS-EPMG-
GOSS-ECUN-GWSU-KA5F-GPTG-EPDN-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

4. The process of choosing among competing alternatives is decision making.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPETrue / False

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,Chapter 1
:
HAS VARIABLES: False

LEARNING OBJE ACCT.MOWE.18.1-1 - LO: 01-01
CTIVES:
NATIONAL STAN United States - BUSPROG: Analytic
DARDS:
STATE STANDAR United States - AK - ACBSP: APC-26 - Management Functions
DS: United States - AK - AICPA: FN-Decision Modeling
United States - AK - IMA: Decision Analysis
KEYWORDS: Bloom's: Remembering
NOTES: 1 min.
DATE CREATED: 9/20/2016 10:37 AM

DATE MODIFIE 9/20/2016 10:37 AM
D:
QUESTION ID: JFND-GO3A-EFDD-OO3O
QUESTION G GCID-E7BW-1TBP-CPUD-GQBZ-CRHS-G3BA-CI1N-4PUF-CAH1-4CTW-CR4N-4PUB-CIO1-4CBW-
LOBAL ID: GCAU-ECUN-GJDI-GWN8-EPRW-EMJA-GR4G-RPDF-C3TD-QCB1-CCSU-1P5G-8YSU-QA3A-
GOSS-KPJ3-CWSU-CCTI-GBOU-RPJS-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

5. Managerial Accounting is designed primarily for internal users.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE True / False
:
HAS VARIABLES: False

LEARNING OBJE ACCT.MOWE.18.1-1 - LO: 01-01
CTIVES:
NATIONAL STAN United States - BUSPROG: Analytic
DARDS:
STATE STANDAR United States - AK - ACBSP: APC-25 - Managerial Characteristics/Terminology
DS: United States - AK - AICPA: FN-Reporting
United States - AK - IMA: Business Applications
KEYWORDS: Bloom's: Understanding
NOTES: 1 min.
DATE CREATED: 9/20/2016 10:37 AM

DATE MODIFIE 9/20/2016 10:37 AM
D:
QUESTION ID: JFND-GO3A-EFDD-OO3I
QUESTION G GCID-E7BW-1TBP-CPUD-GQBZ-CRHS-G3BA-CI1N-4PUF-CAH1-4CTW-CR4N-4PUB-CIO1-4CBW-
LOBAL ID: GCAU-ECUN-GJDI-GWN8-EPRW-EMJ3-8YAU-QQBT-GO4U-GPJW-GHSU-YPJA-CRSU-NATI-
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, Chapter 1
GOSU-QCJT-CWSU-K3J3-CIUD-G3BI-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

6. Managerial accounting has its emphasis on the future.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECT ACCT.MOWE.18.1-2 - LO: 01-02
IVES:
NATIONAL STANDA United States - BUSPROG: Analytic
RDS:
STATE STANDARDS United States - AK - ACBSP: APC-25 - Managerial Characteristics/Terminology
: United States - AK - AICPA: FN-Measurement -
AICPA: FN-Measurement

United States - AK - IMA: Budget Preparation
KEYWORDS: Bloom's: Understanding
NOTES: 1 min.
DATE CREATED: 9/20/2016 10:37 AM
DATE MODIFIED: 9/20/2016 10:37 AM
QUESTION ID: JFND-GO3A-EFDD-OO3W
QUESTION G GCID-E7BW-1TBP-CPUD-GQBZ-CRHS-G3BA-CI1N-4PUF-CAH1-4CTW-CR4N-4PUB-CIO1-4CBW-
LOBAL ID: GCAU-ECUN-GJDI-GWN8-EPRW-EMJA-GBTU-OPTI-GITG-GA3A-CASS-KPMF-8YSS-RCMB-
GOSU-CP3Z-8RSU-CAMD-GTOU-GQB3-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE

7. Financial accounting is governed by GAAP.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: ACCT.MOWE.18.1-2 - LO: 01-02

NATIONAL STANDARDS: United States - BUSPROG: Analytic
STATE STANDARDS: United States - AK - ACBSP: APC-02-GAAP
United States - AK - AICPA: FN-Measurement -
AICPA: FN-Measurement

United States - AK - IMA: FSA
KEYWORDS: Bloom's: Remembering
NOTES: 1 min.
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