MGMT 201 Online Exam 1 Review Questions. Purdue University MGMT 201

MGMT 201 Online Exam 1 Review Questions
Chapter 1
1. Which of the following 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.
2. Which of the following end users would be most likely to include information provided by the
managerial accounting system in their decision-making process?
a. Stockholders.
b. Lenders.
c. Consumer groups.
d. Product managers.
3. Which of the below choices correctly depicts the four day-to-day management activities?
i. Decision-making
ii. Planning