
BAC1624 WEEK 1
Authored by Haslin Haslin Binti Johari
Professional Development
University
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Reports prepared in financial accounting are general-purpose reports, whereas reports prepared in managerial accounting are usually special-purpose reports.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Managerial accounting applies to all forms of business organizations.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The management function of organizing and directing is mainly concerned with setting goals and objectives for the entity.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Controlling is the process of determining whether planned goals are being met.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Many companies have significantly lowered inventory levels and costs using just-in-time inventory methods.
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Managerial accounting applies to each of the following types of businesses except
service firms.
merchandising firms.
manufacturing firms.
Managerial accounting applies to all types of firms.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Managerial accounting information is generally prepared for
stockholders
creditors
managers
regulatory agencies
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