Accounting > EXAM > Purdue University MGMT 201MGMT 201 Online Exam 1 Review ANSWERS (All)

Purdue University MGMT 201MGMT 201 Online Exam 1 Review ANSWERS

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Purdue University MGMT 201MGMT 201 Online Exam 1 Review ANSWERS MGMT 201 Exam 1 Review Questions – Answers Chapter 1 1. Which of the following is true? a. Managerial Accountants are ... "number crunchers" who provide critical information to decision makers but do not themselves contribute to the decision making process. b. The role of the managerial accountant has not changed in the last twenty years. c. Managerial accountants play an integral leadership role on an organization's management team. d. The activities performed by the management accountant are administrative in nature and typically do not add value to the company. 2. Which of the following end users would be most likely to include information provided by the managerial accounting system in their decision making process? a. Stockholders. b. Lenders. c. Consumer groups. d. Product managers. 3. Which of the below choices correctly depicts the four day-to-day management activities? i. Decision making ii. Planning iii. Innovation & Feedback iv. Directing operational activities v. Controlling a. i, ii, iii & iv. b. ii, iii, iv & v. c. i, iii, iv & v. d. ii, iv, v & i. 4. Which of the following is false? a. Managerial accounting need not conform to GAAP. b. Managerial accounting reports typically focus on the enterprise in its entirety. c. Managerial accounting is not required. d. Financia [Show More]

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