Managerial-Accounting-Creating-Value-in-a-Dynamic-Business-Environment-11th-Edition-by-Ronald-W-Hilton-TEST-BANK

Description

True / False Questions
1. Two things that all organizations have in common are a set of goals and information needed
by managers.
TRUE
AACSB: Reflective Thinking
AICPA: BB Critical Thinking
AICPA FN: Decision Making
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 01-01
Feedback True: Correct! All organizations have a set of goals and managers need information to accomplish these goals.
Feedback False: It is true that all organizations have a set of goals and managers need information to accomplish these goals.
2. The role of managerial accounting in organizations is the same as it has been over many
years.
FALSE
AACSB: Reflective Thinking
AICPA: BB Critical Thinking
AICPA FN: Decision Making
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 01-01
Feedback True: The role of managerial accounting has been changing in recent years.
Feedback False: Correct! The role of managerial accounting has been changing in recent years.