Managerial Accounting Hilton Quiz1 Answers

1526 Words Sep 19th, 2012 7 Pages
Multiple Choice Quiz
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Results Reporter | | Out of 15 questions, you answered 2 correctly with a final grade of 13% | | | | | | 2 correct (13%) | | | | 12 incorrect (80%) | | | | 1 unanswered (7%) | | |

Your Results: | The correct answer for each question is indicated by a . |
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Top of Form | 1 INCORRECT | |
Which of the following organizations would be least likely to have a company objective involving the maximization of shareholder value? | | | A) | The Walt Disney Company | | | B) | Marriot Hotels | | | C) | Southwest Airlines | | | D) | The American Red Cross | | | E) | All of the above organizations would be equally likely
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LO 3 | | 6 INCORRECT | |
Which of the following statements is false? | | | A) | Managerial accounting need not conform to GAAP. | | | B) | Managerial accounting reports typically focus on the enterprise in its entirety. | | | C) | Managerial accounting is not required. | | | D) | Financial accounting is required. | | | E) | Managerial accounting does not require a separate accounting system | | | | | | Feedback:Exhibit 1-3. Financial accounting reports focus on the enterprise in its entirety. Managerial accounting need not conform to GAAP and it is not required. LO 4 | | 7 CORRECT | |
Which of the following positions is most likely a staff position? | | | A) | Production manager | | | B) | Marketing manager | | | C) | Inventory manager | | | D) | Sales manager | | | E) | None of the above | | | | | | Feedback:All of the managers listed here are directly involved in the provision of goods or services and are therefore in line positions. Managers in staff positions are only indirectly involved in the

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