Management Accounting – Set 9 January 29, 2025 by aasi 0% Report a question What’s wrong with this question? You cannot submit an empty report. Please add some details. 123456789101112131415161718192021 Management Accounting – Set 9 Dear ! This is Management Accounting – Set 9 Quiz and it contains 21 questions. Keep Learning! 1 / 21 1) An availability of financial information, to oversee operations and system of accounting is known as manager ship controllership proprietorship functional line 2 / 21 2) Philosophy, in which management works to improve value chain of products, to exceed customer expectations is classified as quality management chain customer chain cost chain 3 / 21 3) Flow of goods and services, from start of gathering materials until delivery of products, is known as flow chart analysis supply chain analysis resource chain analysis acquiring analysis 4 / 21 4) Function of management accountant, who works as business partner comes under category of asset function investment function line function staff function 5 / 21 5) Experimentation and generation of ideas related to new product or services are included in addressing management research and development value development service provider 6 / 21 6) An accounting approach, in which expected benefits exceed expected cost is classified as benefit approach cost approach cost-benefit approach accounting approach 7 / 21 7) Strategy that interlinks technology and people, to enhance relationships in all business functions is classified as technology management people management customer relationship management resource management 8 / 21 8) Purpose of management accounting is to past orientation help banks make decisions help managers make decisions help investors make decision 9 / 21 9) An officer responsible for financial operations of organization is considered as chief financial officer chief manager chief line function chief staff function 10 / 21 10) Decision making step, which consists of organization goals, predicting alternatives and communicating goals is called organization alternation planning valuing 11 / 21 11) An availability of after sale support, to existing or potential customers in value chain analysis is known as customer services utility services resource services acquiring services 12 / 21 12) In value chain analysis, coordination, acquiring and assembling of resources to produce a product is classified as resourcing value acquiring production value acquaintance 13 / 21 13) Cash management, investments, long and short term financing are included in proprietorship functional line treasury controllership 14 / 21 14) In financial accounting, investors, banks, suppliers and government agencies are classified as external parties internal parties environmental parties transactional parties 15 / 21 15) Decisions regarding usage of material, kind and changes in plant processing are a part of past management future management help management cost management 16 / 21 16) Marketing, production and management of distribution comes under category of staff management line management marketing management production management 17 / 21 17) Step by step business functions, in which product or services must have customer usefulness is classified as value chain useful chain product chain services chain 18 / 21 18) Examining of past performance, exploring alternative and planning future is learning alternating examining deciding 19 / 21 19) Quantitative expression of decided plan and coordination, for plan implementation is known as cost format decided plan coordination plan budget 20 / 21 20) Time that a company takes to create and produce a new product is classified as management factor time factor customer factor chain factor 21 / 21 21) In management accounting, an emphasis and focus must be future oriented past oriented communication oriented bank oriented Your score isThe average score is 0%🎉 Challenge alert! 💡 Share this quiz with your friends and see who scores the highest! 🏆🤩🔥 LinkedIn Facebook Follow Us @ 0% Restart quiz Exit We’d love to hear your thoughts! 📝 Share your valuable review with us. 🙌 🌟 Thank you for your support! Your feedback means the world to us. 🙏💖 Send feedback
