
Cost and Management Accounting
Authored by Damanpreet Singh
Education, Business, Other
University
Used 2+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of management accounting?
Conducting market research and analysis
Managing human resources within the organization
Preparing financial statements for external stakeholders
Internal decision-making and planning
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a budget and how is it used in management accounting?
A budget is a type of financial report used to track employee attendance in management accounting.
A budget is a financial plan used to set targets, allocate resources, monitor performance, and make strategic decisions in management accounting.
A budget is a form of legal documentation used to file taxes in management accounting.
A budget is a tool used to measure customer satisfaction in management accounting.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Discuss the role of management accounting in decision-making.
Management accounting only provides irrelevant financial information
Management accounting is only used for record-keeping purposes
Management accounting has no role in decision-making
Management accounting provides relevant financial information to help management make informed decisions.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the accountant shows false information in financial statement to lure the investors it is known as
Mercantile Accounting
Window Dressing
Money Measurement Concept
None of the above
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The purpose of management accounting is to
Help banks make decisions
Past orientation
Help investors make decision
Help managers make decisions
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Management accounting deals with
Qualitative information
Quantitative information
None of the above
Both
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The term management accounting was first coined in ____.
1940
1950
1960
1970
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