Steppin' Into the MAC!
Quiz by Dk Hjh Saerah binti Pg Hj Petra
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8 questions
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- Q1Which of the following most accurately describes information that is prepared to be used by management?budgeted, projected, flexible formatexact, actual onlyuseful, historical, precisecomparable, unbiased30s
- Q2A managerial accountant communicating information without bias is following which of these ethical standards?competenceobjectivityconfidentialityintegrity20s
- Q3A management accountant who prepares a useful report after analyzing data is exhibiting?objectivitycompetenceconfidentiality20s
- Q4Managerial accounting is primarily concerned withdecisions management must make to operate the businessgenerally accepted accounting principleshistorical transactionsproviding information to creditors and investors30s
- Q5The process of comparing actual costs to budgeted costs and taking corrective action is calledplannigmonitoringcontrolling30s
- Q6Management accounting information assists management in making which of the following decisions?pricing productplanning for profitabilityadvertise productpricing product and profit planning30s
- Q7Determining the selling price of a product is an example of?controllingdirectingdecision makingplanning30s
- Q8Who is responsible for accounting function in an organization?managerial accountantCFOfinancial analyst30s