Managerial Accounting Hilton Quiz1 Answers
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 to establish the objective described. | | | | | | Feedback: The American Red Cross is a not for profit and does not have shareholders. Its goals and objectives would likely involve succeeding at its philanthropic mission as well as being a good steward with the financial resources it receives from the donating public. LO 1. | | 2 INCORRECT | |
Which of the following statements is true? | | | A) | Managerial Accountants are "number crunchers" who provide critical information to decision makers but do not themselves contribute to the decision making process. | | | B) | The role of the managerial accountant has not changed in the last twenty years. | | | C) | Managerial accountants play an integral leadership role on an organization's management team. | | | D) | The activities performed by the management accountant are administrative in nature and typically do not add value to the company. | | | E) | A and D are both true. | | | | | | Feedback: The role of managerial accounting is very different now than it was even a decade ago. In the past, managerial accountants operated in a strictly staff capacity, usually physically separated from the managers for whom they provided reports and information.
(See related pages)
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 . |
-------------------------------------------------
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 to establish the objective described. | | | | | | Feedback: The American Red Cross is a not for profit and does not have shareholders. Its goals and objectives would likely involve succeeding at its philanthropic mission as well as being a good steward with the financial resources it receives from the donating public. LO 1. | | 2 INCORRECT | |
Which of the following statements is true? | | | A) | Managerial Accountants are "number crunchers" who provide critical information to decision makers but do not themselves contribute to the decision making process. | | | B) | The role of the managerial accountant has not changed in the last twenty years. | | | C) | Managerial accountants play an integral leadership role on an organization's management team. | | | D) | The activities performed by the management accountant are administrative in nature and typically do not add value to the company. | | | E) | A and D are both true. | | | | | | Feedback: The role of managerial accounting is very different now than it was even a decade ago. In the past, managerial accountants operated in a strictly staff capacity, usually physically separated from the managers for whom they provided reports and information.