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Accounting for Decision Making and Control 9th Edition By Zimmerman-Test Bank

Accounting for Decision Making and Control
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Test Bank For Accounting for Decision Making and Control 9th Edition By Zimmerman

ISBN-10:9781259564550 , ISBN-13:978-1259564550

Multiple Choice Questions

1. The firm’s information system:

A. is always a single integrated system

 

B. includes only financial information

 

C. may include other information such as customer satisfaction surveys, in addition to financial information

 

D. is less important as a firm grows in size

 

E. none of the above

 

2. Identify all the correct statements:

A. Managers naturally seek to maximize shareholders’ wealth

 

B. Managers act in their own interests, and so there is no way to align their interests with those of the owners

 

C. To motivate managers in non-profit firms, no employee incentives are needed

 

D. To align the interests of managers and owners, owners must design systems to monitor and reward management behavior that increases the firm’s profits

 

E. none of the above

 

3. An internal accounting system should:

A. provide information to enable costs to be minimized

 

B. provide financial accounting data for external reporting purposes

 

C. provide management accounting information for decision-making

 

D. provide data for tax purposes

 

E. all of the above

 

4. Economic Darwinism:

A. explains why firms persist in inefficient behavior

 

B. explains why some inefficient accounting practices persist

 

C. explains why marmots eat bears

 

D. explains why bears eat marmots

 

E. none of the above

 

5. Management accountants:

A. are internal consultants

 

B. are mainly score-keepers

 

C. focus on calculating product costs

 

D. are ‘corporate cops’

 

E. mostly a) and d)

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Accounting for Decision Making and Control 9th Edition By Zimmerman-Test Bank

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