Ch 1 : Introduction to MA

Ch 1 : Introduction to MA

12th Grade

45 Qs

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Ch 1 : Introduction to MA

Ch 1 : Introduction to MA

Assessment

Quiz

Other

12th Grade

Practice Problem

Medium

Created by

Tina Husin

Used 200+ times

FREE Resource

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45 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Determining the unit cost of manufacturing a product is an output of Financial Accounting.

TRUE

FALSE

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Managerial Accounting internal reports are prepared more frequently than are classified as Financial Statements.

TRUE

FALSE

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The management function of directing is mainly concerned with setting goals and objectives for the company.

TRUE

FALSE

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Controlling is the process of determining whether planned goals are being met.

TRUE

FALSE

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Decision-making is an integral part of the planning, directing, and controlling functions.

TRUE

FALSE

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Managerial Accounting is primarily concerned with managers and external users.

TRUE

FALSE

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Planning involves coordinating the diverse activities and human resources of a company to produce a smooth-running operation.

TRUE

FALSE

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