Management Accounting Chapter 7

12 Questions  I  By Kylie on April 22, 2009
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1.   What does MACS generate and uses information to do what?
A.
B.
C.
2.  What is a cost managemetn system?
A.
B.
C.
3.  The term 'control' in management accounting and control refers to the set of:
A.
B.
C.
4.  What is used to guide and motivate all employees to achieve organizational objectives?
A.
B.
C.
5.  How is it determined that a system is in control?
A.
B.
C.
6.  What is needed for the process of control to have meaning and credibility?
A.
B.
C.
7.  What are the five stages of the control cycle?
A.
B.
C.
8.  What does planning consist of?
A.
B.
C.
9.  Exection is defined as what?
A.
B.
C.
10.  Monitoring is the process of what?
A.
B.
C.
11.  Define evaluation.
A.
B.
C.
12.  Define correcting.
A.
B.
C.
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