Qualified accountants have superior knowledge of tax and financial reporting What sort of power do they exert over other managers in an organisation OA Coercive power Expert power Referent power Reward power
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Qualified accountants have superior knowledge of tax and financial reporting
What sort of power do they exert over other managers in an organisation
OA Coercive power
- Expert power
- Referent power
- Reward power
The cross elasticity of demand between Product M and Product N is positive.
What is the correct description of both Product M and Product N ?
- Complementary goods
- Veblen goods
- Giffen goods
- Substitute goods
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- Managers in decentralized organizations make decisions relating to all of the following except_______. A. the companys stock price B. equipment purchases C. personnel D. prices to charge customersWhich of the following does not describe a management control system? A. establishes a companys strategic goals B. implements a companys strategic goals C. monitors a companys strategic goals D. a system that only measures profitabilityAssume you have been hired by Cabelas Sporting Goods. As part of your new role in the accounting department, you have been tasked to set up a responsibility accounting structure for the company. As your first task, your supervisor has asked you to give an example of a cost center, profit center, and an investment center within the Cabelas organization. Your supervisor is a little unsure of the difference between a profit center and investment center and would like you to explain the difference.
- What is one of the ways that accounting is used to direct and control the manager of a corporation? a.Threatening to tell shareholders a mangers income if a manager makes a ‘poor financial’ decision. b.Linking of a mangers performance to a bonus that depends on accounting profit. c.Making decisions based on the accounting information regardless of managerial input. d.Using income smoothing to assure a manager that they can invest in a low risk investment.Which of the following best describes the potential impact of business risk on Earnings Quality? Select one: a. Business risk is mostly composed of financial risk factors and it has minimal effect on earnings quality. b. Higher earnings quality is linked with companies more insulated from business risk. While business risk is not primarily a result of management’s discretionary actions, this risk can be lowered by skillful management strategies.' c. A higher level of earnings quality can be observed in the industries with high business risk, because higher risk means higher returns d. For managing business risk, the managers almost have no discretion, therefore business risk is not directly or indirectly related to earnings quality.What are the main differences between managerial and external accounting? How does managerial accounting overlap with finance? What is the main criterion / dimension that makes it not a strict accounting but also a finance topic? How would you differ between managerial accounting and cost accounting? Name an example where managerial / cost accounting numbers are applied in financial / external accounting.
- Which of the following are characteristics of economic agents?a. They participate in economic events, but do not assume control of the resources.b. They participate in economic events, but not in support events.c. Internal agents are employees of the company whose system is being modeled.d. External agents are not employees of the company whose system is being modeled.e. All of the above describe agents.Which of the following statements most likely describes a situation that would motivate amanager to issue low-quality fi nancial reports?A . Th e manager’s compensation is tied to stock price performance.B . Th e manager has increased the market share of products signifi cantly.C . Th e manager has brought the company’s profi tability to a level higher thancompetitors.Which of the following is NOT a technical competency that a managerial accountant needs to possess? Question 6 options: Technology Tax return preparation Decision Analysis Internal Controls
- (Do not provide AI Content otherwise i will dislike) What is a primary focus of performance measurement in public sector accounting? a) Maximizing shareholder wealth b) Achieving profitability c) Enhancing service delivery and accountability d) Minimizing tax liabilitiesHuman Resource Accounting (HRA) plays an important role in picking up theoverall value of an organization, unfortunately, a majority of the Indian organizations are neglecting this issue. If HRA is also considered as one of the individual valuationelements which deserve more importance and consideration, the value of the organizationwill be more than what is depicted by the traditional financial statement. Whatneeded ismeasurement ofabilities of all employees ina company, at every level, to producevalue from their knowledge and capability. “Human Resource Accounting (HRA) isbasically an information system that tells management what changes are occurring overtime to the human resources of the business. Keeping the discussion in mind explain different ways of computing HRA and benefits of HRA.The amount and trend in gross profit is closely monitered by management in assessing the profitability of a firm. (True or False)
