A Full List of Management Accounting Exam Questions and Answers

Try Out Free Management Accounting Exam Questions and Answers

Try to concentrate on your studies from the very beginning, however, if you skip anything or lack time, you will certainly need help with accounting homework and exam preparation. Free sample of management accounting exam questions and answers are a crucial part of your study kit. You get to answer practice questions and evaluate your knowledge on various topics. Pre test sample helps you recognize areas that need improvement. For instance, you can try to answer Java programming exam questions. You can plan out which topics require further reading simply by answering management accounting exam questions. Through effective online exam preparation, you can maximize your performance in your actual test. The following are top 10 management accounting exam questions and answers you can use:

  1. In value chain analysis, coordination, acquiring and assembling of resources to produce a product is classified as
  1. resourcing
  2. value acquiring
  3. production (Answer)
  4. value acquaintance
  1. Purpose of management accounting is to
  1. past oriented
  2. help banks make decisions
  3. help managers make decisions (Answer)
  4. help investors make decision
  1. Which phrase best describes the current role of the managerial accountant?
  1. Managerial accountants prepare the financial statements for an organization.
  2. Managerial accountants facilitate the decision-making process within an organization. (Answer)
  3. Managerial accountants make the key decisions within an organization.
  4. Managerial accountants are primarily information collectors.
  1. The time value of money focuses on
  1. Accounting net income.
  2. Earnings per share.
  3. Cash flow. (Answer)
  4. current earnings
  1. An example of qualitative data is:
  1. product cost
  2. customer satisfaction (Answer)
  3. net income
  4. inventory cost
  1. Product and service costing information is prepared for
  1. Manufacturing companies with inventory.
  2. Merchandising companies.
  3. Service providers.
  4. Each of the other four answers. (Answer)
  1. Difference between budgeted amounts and actual results is classified as
  1. standard deviation
  2. variances (Answer)
  3. mean average
  4. weighted average
  1. Activities related to coordinating, controlling and planning activities of flow of inventory are classified as
  1. decisional management
  2. throughput management
  3. inventory management (Answer)
  4. manufacturing management
  1. Exertion to achieve a set goal is known as
  1. Effort (Answer)
  2. Motivation
  3. goal congruence
  4. autonomy
  1. Desire to achieve a particular goal with pursuit of that goal is classified as
  1. Motivation (Answer)
  2. goal congruence
  3. effort
  4. autonomy

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Avail Relevant, Online Exam Preparation for Students Now!

If you are getting for a test, it is helpful to know the exam preparation tips. This can do more than just prepare you but make sure that you will perform better. Here are some exam preparation tips and guide for all students:

  1. Budget your time. Make sure that you have enough time to study the coverage of the exam.
  2. Allocate a review session where you do not just study but go through various topics one last time.
  3. Take notes as you study and research topics that you do not completely understand.
  4. You should mentally and physically prepare. Get a good rest and eat properly before taking the exam.
  5. Use sample of management accounting exam questions online. There are many resources that are a great help for students.

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