Review for final test
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| What refers to accounting information developed for managers within an organization? | show 🗑
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| show | internal decision makers
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| The acronym GAAP is most closely connected with | show 🗑
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| show | mixed cost
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| Costs that change abruptly at intervals of activity because the resources and their costs come in indivisible chunks are called | show 🗑
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| what type of users need aggregate rather than detailed cost information | show 🗑
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| What type of firms need cost accounting systems | show 🗑
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| show | compound rate
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| show | capital budgeting decisons
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| the cost of capital is sometimes referred to as | show 🗑
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| a major benefit of effective budgeting is that | show 🗑
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| budgets are generally more effecitve if they are | show 🗑
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| show | a prediction of sales under a given set of conditions
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| the financial budget includes | show 🗑
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| show | master static budget
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| show | actual expenses are less than expected
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| show | an actual result and a budgeted amount
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| what are specific tangible achievements that can be observed on a short-term basis | show 🗑
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| show | a management control system
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| What are the most basic components of a management control system | show 🗑
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| what are characteristics or attributes that managers must achieve to drive the organization toward its goals | show 🗑
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| show | the results of activities,the manager's influence on those results and the effects of controllable events
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Created by:
Christy.Waterman
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