Management Accounting in Organizations MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Management Accounting in Organizations, a fundamental topic in the field of Cost Accounting. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Management Accounting in Organizations MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of Management Accounting in Organizations mcq questions that explore various aspects of Management Accounting in Organizations problems. Each MCQ is crafted to challenge your understanding of Management Accounting in Organizations principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace Cost Accounting tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our Management Accounting in Organizations MCQs are your pathway to success in mastering this essential Cost Accounting topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of Management Accounting in Organizations. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

So, are you ready to put your Management Accounting in Organizations knowledge to the test? Let's get started with our carefully curated MCQs!

Management Accounting in Organizations MCQs | Page 3 of 8

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Q21.
Marketing, production and management of distribution comes under the category of

a.

staff management

b.

line management

c.

marketing management

d.

production management

Discuss
Answer: (b).line management
Q22.
The function of plant manager, in which he is responsible for new assets investment is termed as

a.

line function

b.

staff function

c.

asset function

d.

investment function

Discuss
Answer: (a).line function
Q23.
The process of analyzing and reviewing financial records to check the integrity of company financial reports is called

a.

internal audit

b.

external audit

c.

functional audit

d.

treasury audit

Discuss
Answer: (a).internal audit
Q24.
The type of accounting, which reports financial and non-financial data about the cost of material and acquiring of resources is classified as

a.

material accounting

b.

cost accounting

c.

supplies accounting

d.

business accounting

Discuss
Answer: (b).cost accounting
Q25.
An approach in which the managers use the resources to increase customer value is classified as

a.

help management

b.

cost management

c.

past management

d.

future management

Discuss
Answer: (b).cost management
Q26.
An engineering of products or detailed planning of products or services is called

a.

product design

b.

research steps

c.

useful chain

d.

value added

Discuss
Answer: (a).product design
Q27.
The type of accounting which measures, reports and analysis of the non-financial and financial information to help in decision making is called

a.

financial accounting

b.

management accounting

c.

cost accounting

d.

decision accounting

Discuss
Answer: (b).management accounting
Q28.
The type of accounting which reports to external parties of the organization is known as

a.

cost accounting

b.

decision accounting

c.

financial accounting

d.

management accounting

Discuss
Answer: (c).financial accounting
Q29.
The human resource management, IT management and management accountants are categorized under

a.

marketing management

b.

production management

c.

staff management

d.

line management

Discuss
Answer: (c).staff management
Q30.
In cost benefit approach, the type of costs include

a.

cost of ongoing operations

b.

investments in physical assets

c.

training of managers

d.

all of above

Discuss
Answer: (d).all of above
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