test bank for Management Accounting 5th Edition Share Icon Leslie G. Eldenburg

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test bank for Management Accounting 5th Edition Share Icon Leslie G. Eldenburg

Chapter 1: The role of accounting information in management decision
making
True/false questions

  1. A vision statement is a theoretical description of what an organisation should become.
    a. True
    b. False
    Correct answer: a
    Learning objective 1.1 ~ Recognise the types of decisions managers make for an
    organisation
  2. An organisational vision is a short-term plan for maximising financial results.
    a. True
    b. False
    Correct answer: b
    Learning objective 1.1 ~ Recognise the types of decisions managers make for an
    organisation
  3. Most organisations have one stakeholder.
    a. True
    b. False
    Correct answer: b
    Learning objective 1.1 ~ Recognise the types of decisions managers make for an
    organisation
  4. Organisational core competencies unrelated to the organisational vision.
    a. True
    b. False
    Correct answer: b
    Learning objective 1.1 ~ Recognise the types of decisions managers make for an
    organisation

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