Select all of the benefits of budgeting. Facilitates the coordination of activities within the business ORequires management to plan ahead and formalize goals O Motivates personal throughout the organization to meet planned objectives O Results in greater management awareness of the business's overall operations O Provides definite objectives for evaluating performance

Select all of the benefits of budgeting. Facilitates the coordination of activities within the business ORequires management to plan ahead and formalize goals O Motivates personal throughout the organization to meet planned objectives O Results in greater management awareness of the business's overall operations O Provides definite objectives for evaluating performance

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 7MC: Organizational charts _____. A. list the salaries of all employees B. outline the strategic goals of...

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Goal congruence in well-designed performance measurement systems best explains a congruence between ________. A. employees and the company B. strategic plans and the future C. decisions and outcomes D. feedback and measurement
When managerial accountants design an evaluation system that is based on criteria for which a manager is responsible, and it is structured to encourage managers to make decisions that will meet the goals of the company as well as their own personal job goals, the framework used is _______. A. a controllable factors framework B. an uncontrollable factors framework C. a strategic plan framework D. a responsibility accounting framework
An important goal of a responsibility accounting framework is to help ensure which of the following? A. decision-making is made by the top executives. B. investments made by each segment are minimized. C. identification of operating segments that should be closed. D. segment and company financial goals are congruent.
A companys attempts to utilize sustainable business practices with regard to its employees, the environment, and society are known as ______________________. a balanced scorecard corporate social responsibility total quality management value chain
Components of the organization that are demotivating for purposes of performance management are known as ______. A. business goals B. strategic plans C. uncontrollable factors D. incentives
Organizational charts _____. A. list the salaries of all employees B. outline the strategic goals of the organization C. show the structure of an organization D. help management measure financial performance
Managerial accounting produces information: to meet the needs of external users that is often focused on the future to meet the needs of investors that follows the rules of GAAP
Preparing performance reports that contain data only about items that a specific manager controls is an example of which of the following? A. Financial reporting B. Learning and innovation C. Management by exception D. Responsibility accounting
The benefits of management accounting information include: a. More effective planning b. All of the available options are correct c. Greater efficiency of operations d. Providing a means of motivating workers and rewarding performance e. Improved decisions
With the aid of relevant examples ,explainthe following management accounting concepts A.theory of constraints B.total quality management C. Just in time
Please select the correct answer “Communication” a.is when a department is willing to prepare a budget and share the information with other departments b.forces executives to think of relationships among individual operations, departments, and the company as a whole c.All of the responses are correct d.is ensuring that all relevant parties are aware of the company’s objectives and that the objectives are understood and accepted by all departments and functions, especially when plans are developed
SCOREKEEPING- which enables both internal and external parties to evaluate organizational performance and position. Attention Directing- helps manager to focus on operating problems, opportunities as well as inefficiencies. This is commonly associated with current planning and control and the analysis and investigation of recurring routine internal accounting reports to signal situation in which management action may required. Problem Solving- quantification of the relative merits of possible courses of action as well as recommendations as the best procedure. P.s. I have included the meaning of the three choices.