Accounting for Decision Making and Control 9th Edition Zimmerman Test Bank
Test Bank For Accounting for Decision Making and Control 9th Edition Zimmerman
Accounting for Decision Making and Control 9th Edition Zimmerman Test Bank
Accounting for Decision Making and Control 9th Edition Zimmerman
Accounting for Decision Making and Control 9th Edition
Accounting for Decision Making and Control
Multiple Choice Questions
| 1. |
The firm’s information system:
| A. |
is always a single integrated system |
| B. |
includes only financial information |
| C. |
may include other information such as customer satisfaction surveys, in addition to financial information |
| D. |
is less important as a firm grows in size |
|
| 2. |
Identify all the correct statements:
| A. |
Managers naturally seek to maximize shareholders’ wealth |
| B. |
Managers act in their own interests, and so there is no way to align their interests with those of the owners |
| C. |
To motivate managers in non-profit firms, no employee incentives are needed |
| D. |
To align the interests of managers and owners, owners must design systems to monitor and reward management behavior that increases the firm’s profits |
|
| 3. |
An internal accounting system should:
| A. |
provide information to enable costs to be minimized |
| B. |
provide financial accounting data for external reporting purposes |
| C. |
provide management accounting information for decision-making |
| D. |
provide data for tax purposes |
|
| 4. |
Economic Darwinism:
| A. |
explains why firms persist in inefficient behavior |
| B. |
explains why some inefficient accounting practices persist |
| C. |
explains why marmots eat bears |
| D. |
explains why bears eat marmots |
|
| 5. |
Management accountants:
| A. |
are internal consultants |
| B. |
are mainly score-keepers |
| C. |
focus on calculating product costs |
|
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