Multiple Choice: (circle the correct answer) 1. Which phrase best describes the role of the managerial accountant? a. Managerial accountants prepare the financial statements for an organization. b. Managerial accountants facilitate the decision-making process within an organization. c. Managerial accountants make the key decisions Within an organization. d. Managerial accountants are primarily information collectors. 2. Which of the following is a basic feature of managerial accounting information? a. reports are future-oriented b. reports on past performance 0. primarily used by external sources (1. lacks exibility 3. Examples of managerial decision making include: a. Planning b. Operating c. Controlling d. All of the above 4. Which of the following accounts can be found on a merchandising company? a. Merchandise Inventory b. Work in Process Inventory 0. Finished Goods Inventory (1. All of the above