Which of the following is one of the limitations of Management Accounting? Select one: O a. Lack of objectivity O b. Free of cost system Oc Simplified approach Od. Existence of wide knowledge
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- Which of the following is NOT one of the limitations of Management Accounting?Select one:a. Lack of wide knowledgeb. Complicated approachc. Costly systemd. Concerned with the future5. Information is neutral if it: a. provides benefits which are at least equal to the costs of its preparation. b. can be compared with similar information about an enterprise at other points in time. c. would have no impact on a decision maker. d. is free from bias toward a predetermined result.Which of the following statements regarding traditional accounting is true? a. Traditional accounting does not provide managers in a JIT setting with timely information. b. The financial orientation allows for effective measuring disparate items. c. Overhead allocations may lead to cost distortions. d. All of the above are true statements. e. A and C are true, but B is not true.
- The two primary qualities that make accounting information useful for decision making are: comparability and consistency. materiality and timeliness. relevance and reliability. reliability and comparability. Information is neutral if it: provides benefits which are at least equal to the costs of its preparation. can be compared with similar information about an enterprise at other points in time. would have no impact on a decision maker. d. is free from bias toward a predetermined result.1. Discuss whether the manager of Bell Division should be evaluated only on ROI? 2. Provide two (2) reasons why ROI, RI, and EVA may be inappropriate measures of performance.What of the following is NOT a Benefit of Activity Based Management? a.It assists in the budgeting process. b.It aids management in cost cutting and/or cost control and inferentially in product profitability. c.It causes managers to identify non-value added activities and therefore encourages thinking of means of reducing such activities. d.Is more complex than traditional accounting system because it uses multiple cost application rates, one for each activity or cost pool.
- Which of the following is true about designing an accounting−based performance measure? A. Management's beliefs are not required during the analyses. B. The issues considered in each step are independent. C. The decisions made in steps are followed in a hierarchical order. D. Behavioral criteria are important when evaluating the stepsIdentify which of the statements below are true (T) or false (F). Lean businesses aim to: Reduce inspection time.10) Proponents of the EMH think technical analysts A) should focus on relative strength. B) should focus on resistance levels. C) should focus on support levels. D) should focus on financial statements. E) are wasting their time. Please justify your answer.
- Criticisms of return on investment as the only performancemeasure include:a. ROI focuses on short-term decisions.b. ROI is focused on only one component of the value chain.c. Managers evaluated based only on ROI are sometimesmotivated not to make an investment that is in the bestinterest of the organization as a whole.d. All of the above.38 - Which of the following statements about human resource planning is correct? a) Resistance to changes in human resource planning is a challenge for the business. B) The most widely used estimation methods are numerical-statistical methods. NS) Human resources commonly make plans in the middle (1-5 years) range. D) The most preferred method of subjective forecasting is trend analysis. TO) Organizational competencies inventory is among the external environmental factors in human resources planning.All of the following are problems with traditional accounting information EXCEPT: a. Managers in a JIT setting require immediate information. b. The measurement principle tends to ignore standards other than money. c. Variance analysis may yield insignificant values. d. The overhead component in a manufacturing company is usually very large. e. All of these are problems associated with traditional accounting information.