Managerial Accounting Quiz

Managerial Accounting Quiz

University

9 Qs

quiz-placeholder

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Managerial Accounting Quiz

Managerial Accounting Quiz

Assessment

Quiz

Financial Education

University

Medium

Created by

Aniza Jean Campaner

Used 1+ times

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9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

True or False. Managerial accounting must conform with GAAP.

True

False

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

True or False. While financial accounting is more concerned with accuracy of data, managerial accounting is concerned with timeliness of data.

True

False

3.

OPEN ENDED QUESTION

20 sec • 1 pt

This is an internal reporting system that provides product costing and other information used by managers in performing their functions.

Evaluate responses using AI:

OFF

4.

OPEN ENDED QUESTION

20 sec • 1 pt

Give at least 2 functions of management

Evaluate responses using AI:

OFF

5.

OPEN ENDED QUESTION

20 sec • 1 pt

A type of cost that changes in proportion to the number of units produced.

Evaluate responses using AI:

OFF

6.

OPEN ENDED QUESTION

10 sec • 1 pt

Give one type of cost included as product cost.

Evaluate responses using AI:

OFF

7.

OPEN ENDED QUESTION

20 sec • 1 pt

Costs that are directly linked to the goods or services a business sells.

Evaluate responses using AI:

OFF

8.

OPEN ENDED QUESTION

20 sec • 1 pt

Give one component of prime cost.

Evaluate responses using AI:

OFF

9.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Managerial accounting is designed to help decision makers inside an organization.

TRUE

FALSE