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WorksheetsUnit 1 - Quiz 2
Total questions: 10
Worksheet time: 3mins
It is the authority to command action or give orders to subordinates
Line Authority
Staff Authority
Functional Authority
It is reporting pertinent information to management and others for internal and external users
Accumulation
Communication
Measurement
It is the process of accomplishing work through and with people
Accounting
Management
Planning
It is a systematic set of procedures for recording and reporting measurements of the cost of manufacturing goods and performing services in the aggregate and in detail
Management Accounting
Cost Accounting
Financial Accounting
It is the authority to advice but not command others and is exercised laterally or upward
Line Authority
Staff Authority
Functional Authority
It is the process of determination of the reasons for the reported activity and its relationship with other economics events and circumstances
Analysis
Accumulation
Measurement
The chief management accounting executive of an organization is called __________.
planner
supervisor
controller
It involves checking the performance of activities against the plan or standards set
Planning
Controlling
Accounting
It is the systematic recording of business transactions leading to the preparation of financial statements
Management Accounting
Financial Accounting
Cost Accounting
It is the right to command action laterally or downward with regard to a specific function or specialty
Functional Authority
Staff Authority
Line Authority
