Accounting for Decision Making and Control 10th Edition By Jerald Zimmerman – Solution Manual

Manual Solution for Accounting Principles and Influence on Decision Making 10th Edition By Jerald Zimmerman

ISBN-10:1259969495 , ISBN-13:978-1259969492

Chapter 01 Exam Bank – Key Elements

Quiz Questions

1. The company’s information structure:

1. always forms a unified system

1. encompasses solely financial details

1. may comprise other data like client contentment surveys, alongside financial data

1. becomes less significant as the company expands

1. none of the aforementioned

The company’s information system includes various financial and non-financial facts.

AACSB: Application of Knowledge

Accessibility: Navigation via Keyboard

Accessibility: Compatible with Screen Reader

AICPA: BB Industry

AICPA: FN Exploiting Technology

Blooms: Recall

Difficulty: 1 Simple

Topic: Management Accounting: Influence on Decisions and Monitoring

2. Recognize all accurate statements:

1. Managers inherently aim to boost shareholders’ wealth

1. Managers prioritize their own interests, making it challenging to align their goals with those of the owners

1. To spur motivation in managers at non-profit organizations, no incentives for employees are essential

1. To synchronize the objectives of managers and owners, owners must develop mechanisms to supervise and reward management practices that enhance the company’s revenues

1. none of the aforementioned

To minimize conflicts between the financial interests of managers and owners, owners require both performance monitoring systems for managers and rewarding systems or incentives.

AACSB: Application of Knowledge

Accessibility: Navigation via Keyboard

Accessibility: Compatible with Screen Reader

AICPA: BB Industry

AICPA: FN Decision Making

AICPA: FN Risk Analysis

Blooms: Recall

Difficulty: 1 Simple

Topic: Role of Management Accountant in the Establishment

Topic: Management Accounting: Influence on Decisions and Monitoring

3. An internal accounting system ought to:

1. present details to facilitate cost minimization

1. provide financial accounting figures for external reporting uses

1. offer management accounting data for decision-making processes

1. deliver data for taxation intentions

1. all of the above

A thoroughly devised internal accounting system should furnish information for external motives, such as financial reporting and taxation, as well as internal motives like cost regulation, performance assessment, and reward determination. Maintaining multiple accounting systems is economically inefficient.

AACSB: Application of Knowledge

Accessibility: Navigation via Keyboard

Accessibility: Compatible with Screen Reader

AICPA: BB Industry

AICPA: FN Decision Making

Blooms: Recall

Difficulty: 1 Simple

Topic: Development and Utilization of Cost Systems

4. Economic Evolution:

1. delineates why companies persist in ineffective behaviors

1. clarifies why specific inefficient accounting practices endure

1. explains why rodents consume carnivores

1. explains why carnivores consume rodents

1. none of the aforementioned

Ineffective accounting systems may persist due to proving better than other systems or superior systems not yet being discovered.

AACSB: Application of Knowledge

Accessibility: Navigation via Keyboard

Accessibility: Compatible with Screen Reader

AICPA: BB Marketing

AICPA: FN Risk Analysis

Blooms: Recall

Difficulty: 1 Simple

Topic: Rodents and Grizzly Carnivores

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