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Chapter 01 Quiz 4
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1
The nature of management accounting information is past, verifiable and timely:
A)True
B)False
2
Contingency theory assumes that the design of an organisation's management accounting system is influenced mainly by the internal environment and employee preferences:
A)True
B)False
3
Management accounting information is more relevant to operational manager's decision-making than to senior and middle managers:
A)True
B)False
4
Providing management accounting information can be costly. However, the benefits of this information usually outweigh the costs:
A)True
B)False
5
Cost leadership can be achieved through strategies such as economies of scale in production and cost control in research and development:
A)True
B)False
6
Strategy implementation involves monitoring and assessing the outcomes of a chosen business strategy:
A)True
B)False
7
Managers can use product cost information provided by management accountants to help them make product mix decisions:
A)True
B)False





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