9/14/23,c 10:52cAM SolutionscandcTestcBankcForc ManagerialcAccountingc5thcEdition c By c Stacey c
…
For cAll cChapter sc à cquer ys m tb @g mail.co m
Managerial cAccounting,c5ec(Whitecotton)
Chapterc1 c Introductioncto cManagerial cAccounting
1) Financial caccountingcinformation cis cgenerally cused cexclusivelycbycinternal cparties csuch ca
s c managers.
Answer: c FALSE
Explanation: c Financial caccountingcinformation ciscusedcby cexternal cparties;cmanagerial c accoun
tingcinformation cis cused cby cinternal cbusiness cowners cand cmanagers.
Difficulty: c1 cEasy
Topic: c Comparison cofcfinancial cand cmanagerial caccounting
LearningcObjective: c 01-
01 cDescribectheckey cdifferences cbetween cfinancial caccountingcand c managerial caccounting.
Bloom's: c Rememberc AACS
B: c Analytical cThinking
Accessibility: c Keyboard cNavigation
2) Financial caccountingcinformation cis creported cforctheccompany cas cacwhole.
Answer: c TRUE
Explanation: c Financial caccountingcinformation cis cprovided cat ctheccompany-
wideclevel.c Difficulty: c1 cEasy
Topic: c Comparison cofcfinancial cand cmanagerial caccounting
LearningcObjective: c 01-
01 cDescribectheckey cdifferences cbetween cfinancial caccountingcand c managerial caccounting.
Bloom's: c Rememberc AACS
B: c Analytical cThinking
Accessibility: c Keyboard cNavigation
3) Managers cmust cdirect,clead cand cmotivatecduringcthecimplementation cfunction.
Answer: c TRUE
Explanation: c Directing/leadingcinvolvescputtingcthecplan cinto caction,cand cmotivatingcothers cto c
work ctoward cthecplan's csuccess,cand cit cis cackeycpart cofcputtingcacplan cinto cactionc(implementation
).c Difficulty: c1 cEasy
Topic: c Functions cofcManagement
LearningcObjective: c 01-
02 cDescribechow cmanagerial caccountingcis cused cincdifferentctypes cofc organizations cto csupport ctheckey
cfunctions cofcmanagement.
Bloom's: c Rememberc AACS
B: c Analytical cThinking
Accessibility: c Keyboard cNavigation
1
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,9/14/23,c 10:52cAM SolutionscandcTestcBankcForc ManagerialcAccountingc5thcEdition c By c Stacey c
…
For cAll cChapter sc à cquer ys m tb @g mail.co m
4) Managers cofcsmall,cprivateccorporations cusecmanagerial caccountingcinformationcwhereas
c managers cofclarge,cpublicccorporations cusecfinancial caccountingcinformation.
Answer: c FALSE
Explanation: c Managerial caccountingcinformation cis cused cbycmanagers cin call ctypescofc organiza
tions: clargecand csmall,cpubliccand cprivate,cprofit cand cnonprofit.
Difficulty: c1 cEasy
Topic: c Functions cofcManagement
LearningcObjective: c 01-
02 cDescribechow cmanagerial caccountingcis cused cincdifferentctypes cofc organizations cto csupport ctheckey
cfunctions cofcmanagement.
Bloom's: c Rememberc AACS
B: c Analytical cThinking
Accessibility: c Keyboard cNavigation
5) ThecSarbanes-
Oxley cAct cofc2002 cplaces cfull cresponsibility con cthecboard cofcdirectors cforcthec accuracy cofcth
ecreportingcsystem.
Answer: c FALSE
Explanation: c SOX cplaces cmorecresponsibilitycon call cmanagers c(not cjust caccountants)cforcthec a
ccuracy cofcthecreportingcsystem.cSOX calsocplaces cadditional cresponsibilitiescon cthecboards cofc
directors cand cexternal cauditors cto creducecthecopportunity cforcerrors cand cfraud.
Difficulty: c2 cMedium
Topic: c Ethics cand cthecSarbanes-Oxley cAct
LearningcObjective: c 01-
03 cDescribecthecimportancecofcethics,csustainability,cand cdecisionc analytics cincmanagerial cacco
unting.
Bloom's: c Understand c AACS
B: c Analytical cThinking
Accessibility: c Keyboard cNavigation
6) ThecSarbanes-
Oxley cAct cofc2002 cfocusescon cthreecfactors cthat caffect cthecaccountingcreportingc environment: c
ethics,cfraud,cand cmanagers.
Answer: c FALSE
Explanation: c ThecSarbanes-
Oxley cAct cofc2002 cfocuses con cthreecfactors cthat caffect cthecaccountingc reportingcenvironment: copportu
nity,cincentives,cand ccharacter.
Difficulty: c2 cMedium
Topic: c Ethics cand cthecSarbanes-Oxley cAct
LearningcObjective: c 01-
03 cDescribecthecimportancecofcethics,csustainability,cand cdecisionc analytics cincmanagerial cacco
unting.
Bloom's: c Understand c AAC
SB: c Ethics
Accessibility: c Keyboard cNavigation
2
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…
This is a preview
c c c
Do c youc wantc f ullc access?c Go c Premiumc and c unlockcallc96cpages
Access cto call cdocuments c G
etcUnlimited cDownloads c Imp
rovec your c grades
FreecTrial
Getc 30 c days c ofc freec Premium
Upload
Sharec your c documents c to c unlock
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, 9/14/23,c 10:52cAM SolutionscandcTestcBankcForc ManagerialcAccountingc5thcEdition c By c Stacey c
…
For cAll cChapter sc à cquer ys m tb @g mail.co m
7) A csustainablecbusiness cis conecwith cthecability ctocmeet cthecneeds cofctodaycwithout csacrificingct
hec ability cofcfuturecgenerations cto cmeet ctheircown cneeds.
Answer: c TRUE
Explanation: c In ctheccontext cofcbusinessc"sustainability" cmeanscthecability cto cmeet cthecneeds cof
c today cwithout csacrificingcthecability cofcfuturecgenerations cto cmeet ctheircown cneeds.
Difficulty: c1 cEasy
Topic: c Sustainability cAccounting
LearningcObjective: c 01-
03 cDescribecthecimportancecofcethics,csustainability,cand cdecisionc analytics cincmanagerial cacco
unting.
Bloom's: c Rememberc AACS
B: c Ethics
Accessibility: c Keyboard cNavigation
8) Thectermc"Bigcdata" crefers cto cthecvolume,cvelocity cand cveracity cofcdata.
Answer: c FALSE
Explanation: c Veracity ciscacsynonymcforcaccuracy,cwhich cis cnotconecofctheccharacteristics cofcbi
gc data.cThec3 ccharacteristics cofc"Bigcdata" carecvolume,cvelocity,cand cvariety
Difficulty: c1 cEasy
Topic: c Decision cAnalytics
LearningcObjective: c 01-
03 cDescribecthecimportancecofcethics,csustainability,cand cdecisionc analytics cincmanagerial cacco
unting.
Bloom's: c Rememberc AACS
B: c Analytical cThinking
Accessibility: c Keyboard cNavigation
9) Predictivecanalytics ciscthecprocess cofcrecommendingcaccoursecofcactioncbasedcupon cmeaningfu
l c patterns cand cinsights cfromccollected cdata.
Answer: c FALSE
Explanation: c Prescriptivecanalytics,cnotcpredictivecanalytics,crecommends ccourses cofcactionc D
ifficulty: c1 cEasy
Topic: c Decision cAnalytics
LearningcObjective: c 01-
03 cDescribecthecimportancecofcethics,csustainability,cand cdecisionc analytics cincmanagerial cacco
unting.
Bloom's: c Rememberc AACS
B: c Analytical cThinking
Accessibility: c Keyboard cNavigation
3
about:blank 4/178
…
For cAll cChapter sc à cquer ys m tb @g mail.co m
Managerial cAccounting,c5ec(Whitecotton)
Chapterc1 c Introductioncto cManagerial cAccounting
1) Financial caccountingcinformation cis cgenerally cused cexclusivelycbycinternal cparties csuch ca
s c managers.
Answer: c FALSE
Explanation: c Financial caccountingcinformation ciscusedcby cexternal cparties;cmanagerial c accoun
tingcinformation cis cused cby cinternal cbusiness cowners cand cmanagers.
Difficulty: c1 cEasy
Topic: c Comparison cofcfinancial cand cmanagerial caccounting
LearningcObjective: c 01-
01 cDescribectheckey cdifferences cbetween cfinancial caccountingcand c managerial caccounting.
Bloom's: c Rememberc AACS
B: c Analytical cThinking
Accessibility: c Keyboard cNavigation
2) Financial caccountingcinformation cis creported cforctheccompany cas cacwhole.
Answer: c TRUE
Explanation: c Financial caccountingcinformation cis cprovided cat ctheccompany-
wideclevel.c Difficulty: c1 cEasy
Topic: c Comparison cofcfinancial cand cmanagerial caccounting
LearningcObjective: c 01-
01 cDescribectheckey cdifferences cbetween cfinancial caccountingcand c managerial caccounting.
Bloom's: c Rememberc AACS
B: c Analytical cThinking
Accessibility: c Keyboard cNavigation
3) Managers cmust cdirect,clead cand cmotivatecduringcthecimplementation cfunction.
Answer: c TRUE
Explanation: c Directing/leadingcinvolvescputtingcthecplan cinto caction,cand cmotivatingcothers cto c
work ctoward cthecplan's csuccess,cand cit cis cackeycpart cofcputtingcacplan cinto cactionc(implementation
).c Difficulty: c1 cEasy
Topic: c Functions cofcManagement
LearningcObjective: c 01-
02 cDescribechow cmanagerial caccountingcis cused cincdifferentctypes cofc organizations cto csupport ctheckey
cfunctions cofcmanagement.
Bloom's: c Rememberc AACS
B: c Analytical cThinking
Accessibility: c Keyboard cNavigation
1
about:blank 1/178
,9/14/23,c 10:52cAM SolutionscandcTestcBankcForc ManagerialcAccountingc5thcEdition c By c Stacey c
…
For cAll cChapter sc à cquer ys m tb @g mail.co m
4) Managers cofcsmall,cprivateccorporations cusecmanagerial caccountingcinformationcwhereas
c managers cofclarge,cpublicccorporations cusecfinancial caccountingcinformation.
Answer: c FALSE
Explanation: c Managerial caccountingcinformation cis cused cbycmanagers cin call ctypescofc organiza
tions: clargecand csmall,cpubliccand cprivate,cprofit cand cnonprofit.
Difficulty: c1 cEasy
Topic: c Functions cofcManagement
LearningcObjective: c 01-
02 cDescribechow cmanagerial caccountingcis cused cincdifferentctypes cofc organizations cto csupport ctheckey
cfunctions cofcmanagement.
Bloom's: c Rememberc AACS
B: c Analytical cThinking
Accessibility: c Keyboard cNavigation
5) ThecSarbanes-
Oxley cAct cofc2002 cplaces cfull cresponsibility con cthecboard cofcdirectors cforcthec accuracy cofcth
ecreportingcsystem.
Answer: c FALSE
Explanation: c SOX cplaces cmorecresponsibilitycon call cmanagers c(not cjust caccountants)cforcthec a
ccuracy cofcthecreportingcsystem.cSOX calsocplaces cadditional cresponsibilitiescon cthecboards cofc
directors cand cexternal cauditors cto creducecthecopportunity cforcerrors cand cfraud.
Difficulty: c2 cMedium
Topic: c Ethics cand cthecSarbanes-Oxley cAct
LearningcObjective: c 01-
03 cDescribecthecimportancecofcethics,csustainability,cand cdecisionc analytics cincmanagerial cacco
unting.
Bloom's: c Understand c AACS
B: c Analytical cThinking
Accessibility: c Keyboard cNavigation
6) ThecSarbanes-
Oxley cAct cofc2002 cfocusescon cthreecfactors cthat caffect cthecaccountingcreportingc environment: c
ethics,cfraud,cand cmanagers.
Answer: c FALSE
Explanation: c ThecSarbanes-
Oxley cAct cofc2002 cfocuses con cthreecfactors cthat caffect cthecaccountingc reportingcenvironment: copportu
nity,cincentives,cand ccharacter.
Difficulty: c2 cMedium
Topic: c Ethics cand cthecSarbanes-Oxley cAct
LearningcObjective: c 01-
03 cDescribecthecimportancecofcethics,csustainability,cand cdecisionc analytics cincmanagerial cacco
unting.
Bloom's: c Understand c AAC
SB: c Ethics
Accessibility: c Keyboard cNavigation
2
about:blank 2/178
,9/14/23,c 10:52cAM SolutionscandcTestcBankcForc ManagerialcAccountingc5thcEdition c By c Stacey c
…
This is a preview
c c c
Do c youc wantc f ullc access?c Go c Premiumc and c unlockcallc96cpages
Access cto call cdocuments c G
etcUnlimited cDownloads c Imp
rovec your c grades
FreecTrial
Getc 30 c days c ofc freec Premium
Upload
Sharec your c documents c to c unlock
about:blank 3/178
, 9/14/23,c 10:52cAM SolutionscandcTestcBankcForc ManagerialcAccountingc5thcEdition c By c Stacey c
…
For cAll cChapter sc à cquer ys m tb @g mail.co m
7) A csustainablecbusiness cis conecwith cthecability ctocmeet cthecneeds cofctodaycwithout csacrificingct
hec ability cofcfuturecgenerations cto cmeet ctheircown cneeds.
Answer: c TRUE
Explanation: c In ctheccontext cofcbusinessc"sustainability" cmeanscthecability cto cmeet cthecneeds cof
c today cwithout csacrificingcthecability cofcfuturecgenerations cto cmeet ctheircown cneeds.
Difficulty: c1 cEasy
Topic: c Sustainability cAccounting
LearningcObjective: c 01-
03 cDescribecthecimportancecofcethics,csustainability,cand cdecisionc analytics cincmanagerial cacco
unting.
Bloom's: c Rememberc AACS
B: c Ethics
Accessibility: c Keyboard cNavigation
8) Thectermc"Bigcdata" crefers cto cthecvolume,cvelocity cand cveracity cofcdata.
Answer: c FALSE
Explanation: c Veracity ciscacsynonymcforcaccuracy,cwhich cis cnotconecofctheccharacteristics cofcbi
gc data.cThec3 ccharacteristics cofc"Bigcdata" carecvolume,cvelocity,cand cvariety
Difficulty: c1 cEasy
Topic: c Decision cAnalytics
LearningcObjective: c 01-
03 cDescribecthecimportancecofcethics,csustainability,cand cdecisionc analytics cincmanagerial cacco
unting.
Bloom's: c Rememberc AACS
B: c Analytical cThinking
Accessibility: c Keyboard cNavigation
9) Predictivecanalytics ciscthecprocess cofcrecommendingcaccoursecofcactioncbasedcupon cmeaningfu
l c patterns cand cinsights cfromccollected cdata.
Answer: c FALSE
Explanation: c Prescriptivecanalytics,cnotcpredictivecanalytics,crecommends ccourses cofcactionc D
ifficulty: c1 cEasy
Topic: c Decision cAnalytics
LearningcObjective: c 01-
03 cDescribecthecimportancecofcethics,csustainability,cand cdecisionc analytics cincmanagerial cacco
unting.
Bloom's: c Rememberc AACS
B: c Analytical cThinking
Accessibility: c Keyboard cNavigation
3
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