Managerial Accounting
ST
5th Edition
UV
TEST BANK
IA
?_
AP
Stacey Whitecotton
PR
Comprehensive Test Bank for Instructors
OV
and Students
ED
© Stacey Whitecotton. All rights reserved. Reproduction or distribution without permission is
prohibited.
??
©DREAMSHUB
, Managerial Accounting (5th Edition)
Authors: Stacey M. Whitecotton, Robert Libby, Fred Phillips
Test Bank
ISBN: 9781265317515
ST
TABLE OF CONTENTS
UV
Chapter 1: Introduction to Managerial Accounting
Chapter 2: Job Order Costing
Chapter 3: Process Costing
Chapter 4: Activity- Based Costing and Cost Management
Chapter 5: Cost Behavior
IA
Chapter 6: Cost- Volume- Profit Analysis
Chapter 7: Incremental Analysis for Short- Term Decision Making
Chapter 8: Budgetary Planning
?_
Chapter 9: Standard Costing and Variance Analysis
Chapter 10: Decentralized Performance Evaluation
Chapter 11: Capital Budgeting
Chapter 12: Statement of Cash Flows
AP
Chapter 13: Measuring and Evaluating Financial Performance
PR
OV
ED
??
©DREAMSHUB
, Student name:__________
1) Financial accounting information is generally used exclusively by internal parties such as
managers.
ST
⊚ true
⊚ false
UV
2) Financial accounting information is reported for the company as a whole.
⊚ true
⊚ false
IA
3) Managers must direct, lead, and motivate during the implementation function.
⊚ true
⊚ false
?_
4) Managers of small, private corporations use managerial accounting information, whereas
managers of large, public corporations use financial accounting information.
AP
⊚ true
⊚ false
5) The Sarbanes-Oxley Act of 2002 places full responsibility on the board of directors for the
PR
accuracy of the reporting system.
⊚ true
⊚ false
OV
6) The Sarbanes-Oxley Act of 2002 focuses on three factors that affect the accounting reporting
environment: ethics, fraud, and management.
⊚ true
⊚ false
ED
??
Version 1 1
, 7) A sustainable business is one with the ability to meet the needs of today without sacrificing
the ability of future generations to meet their own needs.
⊚ true
ST
⊚ false
8) The term "big data" refers to the volume, velocity, and veracity of data.
UV
⊚ true
⊚ false
9) Predictive analytics is the process of recommending a course of action based upon
IA
meaningful patterns and insights from collected data.
⊚ true
⊚ false
?_
10) Descriptive analytics uses patterns and insights from collected data to show what has
happened.
AP
⊚ true
⊚ false
11) An opportunity cost is the cost of not doing something.
PR
⊚ true
⊚ false
OV
12) Whether a cost is treated as direct or indirect depends on whether tracing the cost is both
possible and practical.
⊚ true
⊚ false
ED
13) Variable costs are always direct costs.
⊚ true
⊚ false
??
Version 1 2
ST
5th Edition
UV
TEST BANK
IA
?_
AP
Stacey Whitecotton
PR
Comprehensive Test Bank for Instructors
OV
and Students
ED
© Stacey Whitecotton. All rights reserved. Reproduction or distribution without permission is
prohibited.
??
©DREAMSHUB
, Managerial Accounting (5th Edition)
Authors: Stacey M. Whitecotton, Robert Libby, Fred Phillips
Test Bank
ISBN: 9781265317515
ST
TABLE OF CONTENTS
UV
Chapter 1: Introduction to Managerial Accounting
Chapter 2: Job Order Costing
Chapter 3: Process Costing
Chapter 4: Activity- Based Costing and Cost Management
Chapter 5: Cost Behavior
IA
Chapter 6: Cost- Volume- Profit Analysis
Chapter 7: Incremental Analysis for Short- Term Decision Making
Chapter 8: Budgetary Planning
?_
Chapter 9: Standard Costing and Variance Analysis
Chapter 10: Decentralized Performance Evaluation
Chapter 11: Capital Budgeting
Chapter 12: Statement of Cash Flows
AP
Chapter 13: Measuring and Evaluating Financial Performance
PR
OV
ED
??
©DREAMSHUB
, Student name:__________
1) Financial accounting information is generally used exclusively by internal parties such as
managers.
ST
⊚ true
⊚ false
UV
2) Financial accounting information is reported for the company as a whole.
⊚ true
⊚ false
IA
3) Managers must direct, lead, and motivate during the implementation function.
⊚ true
⊚ false
?_
4) Managers of small, private corporations use managerial accounting information, whereas
managers of large, public corporations use financial accounting information.
AP
⊚ true
⊚ false
5) The Sarbanes-Oxley Act of 2002 places full responsibility on the board of directors for the
PR
accuracy of the reporting system.
⊚ true
⊚ false
OV
6) The Sarbanes-Oxley Act of 2002 focuses on three factors that affect the accounting reporting
environment: ethics, fraud, and management.
⊚ true
⊚ false
ED
??
Version 1 1
, 7) A sustainable business is one with the ability to meet the needs of today without sacrificing
the ability of future generations to meet their own needs.
⊚ true
ST
⊚ false
8) The term "big data" refers to the volume, velocity, and veracity of data.
UV
⊚ true
⊚ false
9) Predictive analytics is the process of recommending a course of action based upon
IA
meaningful patterns and insights from collected data.
⊚ true
⊚ false
?_
10) Descriptive analytics uses patterns and insights from collected data to show what has
happened.
AP
⊚ true
⊚ false
11) An opportunity cost is the cost of not doing something.
PR
⊚ true
⊚ false
OV
12) Whether a cost is treated as direct or indirect depends on whether tracing the cost is both
possible and practical.
⊚ true
⊚ false
ED
13) Variable costs are always direct costs.
⊚ true
⊚ false
??
Version 1 2
