TEST BANK FOR Management Accounting 5th Edition by Leslie G. Eldenburg , Albie Brooks ISBN:978-1394263509 ALL CHAPTERS COVERED YOUR ULTIMATE GUIDE 100% VERIFIED A+ GRADE ASSURED!!!!!! NEW LATEST UPDATE!!!!!!!

,Chapter 1: The role of accounting information in management decisi
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on making
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True/false questions MK




1. A vision statement is a theoretical description of what an organisation should become.
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*a. True MK


b. False
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Correct answer: a
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Learning objective 1.1 ~ Recognise the types of decisions managers make for an or
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ganisation


2. An organisational vision is a short-term plan for maximising financial results.
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a. True
*b. False MK




Correct answer: b
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Learning objective 1.1 ~ Recognise the types of decisions managers make for an or
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ganisation


3. Most organisations have one stakeholder.
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a. True
*b. False MK




Correct answer: b
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Learning objective 1.1 ~ Recognise the types of decisions managers make for an or
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ganisation


4. Organisational core competencies unrelated to the organisational vision.
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a. True
*b. False MK




Correct answer: b
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Learning objective 1.1 ~ Recognise the types of decisions managers make for an or
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ganisation



1.2

,5. Organisational strategies are the tactics that managers use to take advantage
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of core competencies while working towards the organisational vision.
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*a. True MK


b. False
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Correct answer: a
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Learning objective 1.1 ~ Recognise the types of decisions managers make for an or
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ganisation


6. Most organisations have databases that contain information collected forma
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lly or informally from internal sources only.
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a. True
*b. False
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Correct answer: b
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Learning objective 1.1 ~ Recognise the types of decisions managers make for an or
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ganisation


7. Desirable employee behaviour can be motivated by tying employee perfor
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mance evaluation and pay to long-term or short-term results.
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*a. True MK


b. False
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Correct answer: a
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Learning objective 1.1 ~ Recognise the types of decisions managers make for an or
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ganisation


8. Organisational information systems only collect accounting information.
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a. True
*b. False MK




Correct answer: b
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Learning objective 1.2 ~ Discuss the role of cost and management accounting infor
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mation in management decision making
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1.3

, 9. Cost accounting information is used for both management accounting and fi
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nancial accounting activities.
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*a. True MK


b. False
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Correct answer: a
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Learning objective 1.2 ~ Discuss the role of cost and management accounting infor
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mation in management decision making
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10. Management accounting is the process of gathering, summarising and rep
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orting financial and non-
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financial information used internally to make decisions.
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*a. True MK


b. False
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Correct answer: a
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Learning objective 1.2 ~ Discuss the role of cost and management accounting infor
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mation in management decision making
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11. Intellectual capital is a type of financial resource that is captured by the organ
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isation’s information system.
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a. True
*b. False MK




Correct answer: b
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Learning objective 1.2 ~ Discuss the role of cost and management accounting infor
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mation in management decision making
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12. It is easy to differentiate between internal and external reports.
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a. True
*b. False MK




Correct answer: b
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Learning objective 1.2 ~ Discuss the role of cost and management accounting infor
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mation in management decision making
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1.4