TEST BANK TO
ACCOMPANY
MANAGEMENT
TH
ACCOUNTING 5
EDITION BY ELDENBURG
ET AL COMPLETE WITH
ALL CHAPTERS
INCLUDED .
,Chapter 1: The role of accounting information in management decision
making
True/false questions
1. A vision statement is a theoretical description of what an organisation should
become.
*a. True
b. False
*ANSW*: a
Learning objective 1.1 ~ Recognise the types of decisions managers make for
an organisation
2. An organisational vision is a short-term plan for maximising financial results.
a. True
*b. False
*ANSW*: b
Learning objective 1.1 ~ Recognise the types of decisions managers make for
an organisation
3. Most organisations have one stakeholder.
a. True
*b. False
*ANSW*: b
Learning objective 1.1 ~ Recognise the types of decisions managers make for
an organisation
4. Organisational core competencies unrelated to the organisational vision.
a. True
*b. False
1.2
,*ANSW*: b
Learning objective 1.1 ~ Recognise the types of decisions managers make for
an organisation
1.3
, 5. Organisational strategies are the tactics that managers use to take
advantage of core competencies while working towards the
organisational vision.
*a. True
b. False
*ANSW*: a
Learning objective 1.1 ~ Recognise the types of decisions managers make for
an organisation
6. Most organisations have databases that contain information collected
formally or informally from internal sources only.
a. True
*b. False
*ANSW*: b
Learning objective 1.1 ~ Recognise the types of decisions managers make for
an organisation
7. Desirable employee behaviour can be motivated by tying employee
performance evaluation and pay to long-term or short-term results.
*a. True
b. False
*ANSW*: a
Learning objective 1.1 ~ Recognise the types of decisions managers make for
an organisation
8. Organisational information systems only collect accounting information.
a. True
*b. False
*ANSW*: b
Learning objective 1.2 ~ Discuss the role of cost and management accounting
1.4
ACCOMPANY
MANAGEMENT
TH
ACCOUNTING 5
EDITION BY ELDENBURG
ET AL COMPLETE WITH
ALL CHAPTERS
INCLUDED .
,Chapter 1: The role of accounting information in management decision
making
True/false questions
1. A vision statement is a theoretical description of what an organisation should
become.
*a. True
b. False
*ANSW*: a
Learning objective 1.1 ~ Recognise the types of decisions managers make for
an organisation
2. An organisational vision is a short-term plan for maximising financial results.
a. True
*b. False
*ANSW*: b
Learning objective 1.1 ~ Recognise the types of decisions managers make for
an organisation
3. Most organisations have one stakeholder.
a. True
*b. False
*ANSW*: b
Learning objective 1.1 ~ Recognise the types of decisions managers make for
an organisation
4. Organisational core competencies unrelated to the organisational vision.
a. True
*b. False
1.2
,*ANSW*: b
Learning objective 1.1 ~ Recognise the types of decisions managers make for
an organisation
1.3
, 5. Organisational strategies are the tactics that managers use to take
advantage of core competencies while working towards the
organisational vision.
*a. True
b. False
*ANSW*: a
Learning objective 1.1 ~ Recognise the types of decisions managers make for
an organisation
6. Most organisations have databases that contain information collected
formally or informally from internal sources only.
a. True
*b. False
*ANSW*: b
Learning objective 1.1 ~ Recognise the types of decisions managers make for
an organisation
7. Desirable employee behaviour can be motivated by tying employee
performance evaluation and pay to long-term or short-term results.
*a. True
b. False
*ANSW*: a
Learning objective 1.1 ~ Recognise the types of decisions managers make for
an organisation
8. Organisational information systems only collect accounting information.
a. True
*b. False
*ANSW*: b
Learning objective 1.2 ~ Discuss the role of cost and management accounting
1.4
