Enterprise Resource Planning software (ERP)

Question 11 options:

	integrates data and provide managers with reports that highlight the interdependence of different business activities.
	is used only by plant managers to create "Exceptional Reports for Production."
	facilitates "Easy Reporting for Proposals."
	is free software downloaded over the Internet.
	provides financial reports for each separate enterprise in a conglomerate.

Question 12 (1 point)

 

Cost management involves long-term and short-term decisions that attempt to increase value for customers and lower costs of products or services.

Question 12 options:

	True
	False

Question 13 (1 point)

 

In what way do managers benefit from the use of a management information system?

Question 13 options:

	The managers could combine or adjust data to answer the questions from particular internal and external users.
	Managers can store old documents in hard copy.
	Data can be entered at numerous input terminals within the organization.
	The managers would not be completely responsible for the information that is entered into the database system.
	The managers do not benefit, as the information requires technical expertise to retrieve.

Question 14 (1 point)

 

Management accounting

Question 14 options:

	reports information that has occurred in the past that is verifiable and reliable.
	measures, analyzes, and reports financial and nonfinancial information to internal managers.
	provides information about the company as a whole.
	must follow generally accepted accounting principles.
	provides information that is generally available only on a quarterly or annual basis.

Question 15 (1 point)

 

Which of the following is something management accountants should do to satisfy their users?

Question 15 options:

	provide specialized information that given users can use
	focus on planning more than control
	consider only financial measures
	follow generally accepted accounting principles
	focus exclusively on internal users