Class: Date: ID: A Accounting 103 Final Multiple Choice Identify the choice that best completes the statement or answers the question 1. Management accounting a. deals primarily with people and organizations inside the business entity uses any type o c. d. is not independently verified all of the above e. 2. Management accounting a. Both use the dollar exclusively as the unit of measurement. b. Both produce the same of financial reports c. Both produce almost basis. and financial accounting are similar in which of the following respects? all of their respective informational reports on a routine monthly d. Both provide relevant and useful information to decisionmakers 3. The management process consists of which of the following processes? a. planning b. performing d. communicating all of the above e. 4. What functions does an accounting information system perform in an organization? a. It collects and stores data about activities and transactions. b. It processes data into information that is useful for decisionmakers. c. It provides adequate controls to safeguard the organization's assets. d. All of the above are functions performed in an accounting information system. 5. Primary activities in the value chain are a. inbound logistics b. operations c. outbound logistics d. marketing and sales c. all of the above 6. The support activities in the value chain ane a. firm infrastructure b. human resources c. technology d. purchasing e. all of the above