PLEASE ANSWER ALL 1. Reactions to information provided by management control system are: a. Formulated in the organization’s strategic plan. b. Judgmental, and are based on interpretations and circumstances. c. Assessed by the communication network of the MCS. d. Determined as those activities that will be most efficient and effective given the organization’s available technology. 2. A management accounting system should provide information to: a. All functional areas of the organization. b. Only accounting area of the organization. c. Only the production area of the organization. d. Organizational managers, but not to staff personnel. 3. Which of the following is not primary goal of a cost management system? a. Use cost drivers to develop product costs. b. Improve understanding of the activities. c. Develop organizational strategies. d. Measure performance.
PLEASE ANSWER ALL
1. Reactions to information provided by management
a. Formulated in the organization’s strategic plan.
b. Judgmental, and are based on interpretations and circumstances.
c. Assessed by the communication network of the MCS.
d. Determined as those activities that will be most efficient and effective given the organization’s available technology.
2. A management accounting system should provide information to:
a. All functional areas of the organization.
b. Only accounting area of the organization.
c. Only the production area of the organization.
d. Organizational managers, but not to staff personnel.
3. Which of the following is not primary goal of a cost management system?
a. Use cost drivers to develop product costs.
b. Improve understanding of the activities.
c. Develop organizational strategies.
d. Measure performance.
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