Reference no: EM132959405
Problem 1: Which of the following statements is FALSE?
A. Managers are concerned with the internal use of accounting information.
B. Managerial accounting information relies heavily on its reliability and objectivity.
C. Managerial accounting reports are not required by any authoritative body.
D. Managerial accounting information must be relevant.
Problem 2: Which of the following statements is FALSE?
A. The treasurer and controller report directly to the CFO.
B. The COO is responsible for the company's operations.
C. The board of directors hires the CEO to manage the company on a daily basis.
D. The internal audit department reports solely to the CFO.
Problem 3: The individual responsible for managing all of the operations of the organization, such as product packaging, is the:
A. COO.
B. CFO.
C. CEO.
D. CPA.
Problem 4: Which of the following skills is NOT required of management accountants?
A. Analytical skills
B. Ability to work on a team
C. Oral and written communication skills
D. Speak a foreign language
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