wayground logo

Free Printable Worksheets

NEW

Font size

S
M
L
XL
Worksheets

Unit 1 - Quiz 2

Total questions: 10

Worksheet time: 3mins

Name
Class
Date
1.

It is the authority to command action or give orders to subordinates

a)

Line Authority

b)

Staff Authority

c)

Functional Authority

2.

It is reporting pertinent information to management and others for internal and external users

a)

Accumulation

b)

Communication

c)

Measurement

3.

It is the process of accomplishing work through and with people

a)

Accounting

b)

Management

c)

Planning

4.

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

a)

Management Accounting

b)

Cost Accounting

c)

Financial Accounting

5.

It is the authority to advice but not command others and is exercised laterally or upward

a)

Line Authority

b)

Staff Authority

c)

Functional Authority

6.

It is the process of determination of the reasons for the reported activity and its relationship with other economics events and circumstances

a)

Analysis

b)

Accumulation

c)

Measurement

7.

The chief management accounting executive of an organization is called __________.

a)

planner

b)

supervisor

c)

controller

8.

It involves checking the performance of activities against the plan or standards set

a)

Planning

b)

Controlling

c)

Accounting

9.

It is the systematic recording of business transactions leading to the preparation of financial statements

a)

Management Accounting

b)

Financial Accounting

c)

Cost Accounting

10.

It is the right to command action laterally or downward with regard to a specific function or specialty

a)

Functional Authority

b)

Staff Authority

c)

Line Authority