Accounting help 10 pts!!!!!!!!!!!!?

Question

1.Managerial accounting places greater emphasis on the future than financial accounting, which is primarily concerned with the past.

True

False

2) A firm's organization chart will normally show both the formal and informal lines of reporting and communication.

True

False

3)Management accounting focuses primarily on providing data for:

a.internal uses by managers.

b.external uses by stockholders and creditors.

c.external uses by the Internal Revenue Service.

d.external uses by the Securities and Exchange Commission.

4)Which of the functions of management involves overseeing day-to-day activities?

a.Planning

b.Directing and motivating

c.Controlling

d.Decision making

5.Which of the following is not one of the three basic activities of a manager?

a.Planning

b.Controlling

c.Directing and motivating

d.Compiling management accounting reports

Answer 1

Best Answer

1) True

2) False. Formal.

3) a - internal use.

4) b - directing & motivating

5) d - compiling mgmt accounting reports. That's what accts do.