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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| show | financial accounting
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| show | mixed cost
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| show | step costs
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| show | external users
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| show | manufacturing, service organizations, and nonprofit organizations
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| what is NOT another name for the required rate of return | show 🗑
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| show | capital budgeting decisons
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| show | the discount rate,the hurdle rate, and the required rate of return
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| show | it compels managers to think ahead,it aids managers in communicating objectives to units, and it provides benchmarks to evaluate subsequent performance
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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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| a variance is the difference between | show 🗑
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| show | objectives
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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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