a. True b. False 2. Since there are few rules to restrict how an organization chooses to arrange its own internal data for decision making, managerial accounting provides ample opportunity for creativity and change. a. True b. False 3. A diagram of the operating structure of an organization is called an organization chart. a. True b. False 4. Managerial accounting reports must be useful to the user of the information. a. True b. False 5. Planning is the process of monitoring operating results and comparing actual results with the expected results. a. True b. False 6. Controlling deals with choosing goals and deciding how to achieve them. a. True b. False 7. For a construction contractor, the wages of carpenters would be classified as factory overhead cost. a. True b. False