Managerial Accounting Midterm Paper
202
Mid-term Review Chapters 1-4
1. Chapter -1
Multiple Choice Questions
21. Which of the following is not one of the three basic activities of a manager? A) Planning B) Controlling C) Directing and motivating D) Compiling management accounting reports
Answer: D Level: Easy LO: 2
22. The delegation of decision making to lower levels in an organization is known as: A) the planning and control cycle. B) controlling. C) decentralization. D) none of these.
Answer: C Level: Easy LO: 2
23. Which of the following statements are false concerning line and staff functions?
I. Persons occupying staff functions have authority over persons occupying line functions. II. Both line and staff functions are depicted on the organization chart. III. Line functions are directly related to the basic objectives of an organization.
A) Only I B) Only II C) Only I and II D) I, II, and III
Answer: A Level: Medium LO: 2
24. Which of following would normally be found on a manufacturing company 's organization chart? A) the layout of the factory assembly lines B) a list of the materials needed to produce each of the company 's products C) the informal lines of reporting and communication D) none of the above
Answer: D Level: Easy LO: 2
25. For a hospital, what type of position (line or staff) is each of the following?
| |Emergency Room Manager |Human Resources (Personnel) Manager |
|A) |Staff |Staff |
|B) |Staff |Line |
|C) |Line
Mid-term Review Chapters 1-4
1. Chapter -1
Multiple Choice Questions
21. Which of the following is not one of the three basic activities of a manager? A) Planning B) Controlling C) Directing and motivating D) Compiling management accounting reports
Answer: D Level: Easy LO: 2
22. The delegation of decision making to lower levels in an organization is known as: A) the planning and control cycle. B) controlling. C) decentralization. D) none of these.
Answer: C Level: Easy LO: 2
23. Which of the following statements are false concerning line and staff functions?
I. Persons occupying staff functions have authority over persons occupying line functions. II. Both line and staff functions are depicted on the organization chart. III. Line functions are directly related to the basic objectives of an organization.
A) Only I B) Only II C) Only I and II D) I, II, and III
Answer: A Level: Medium LO: 2
24. Which of following would normally be found on a manufacturing company 's organization chart? A) the layout of the factory assembly lines B) a list of the materials needed to produce each of the company 's products C) the informal lines of reporting and communication D) none of the above
Answer: D Level: Easy LO: 2
25. For a hospital, what type of position (line or staff) is each of the following?
| |Emergency Room Manager |Human Resources (Personnel) Manager |
|A) |Staff |Staff |
|B) |Staff |Line |
|C) |Line