- are only finished goods and nerally maintained by a manufacturing firm are only finished goods mvee acc materials Tree False Job order costa True b. False 10. ring systems may be used to evaluate a company's efficiency Multiple Choice Kend each statement question carefully and indicate the BEST answer by writing the corresponding "letter on the Answer Sheet provided. Managerial accounting reports are a prepared according to GAAP b. prepared according to management needs c. prepared periodically only d. related to the entire business entity only Who are the individuals charged with the responsibility for directing the day-to-day operations business? a investors b. managers c. shareholders d. customers 13. What term is used to describe the process of monitoring operating results and comparing actual results with the expected results? a improving b. controlling c. directing d. planning 14. Accounting designed to meet the needs of decision makers inside the business is a general accounting b. financial accounting c. managerial accounting dexternal accounting 15. What term is used to describe the process of developing the organization's objectives and translating those into courses of action? a. supervising b. planning c. improving d. decision making