Part I Multiple Choice 4 5 3 1 2 9 10 7 8 6 15 12 13 19 20 17 18 16 1. Managerial accounting: A. has its primary emphasis on the future. B. is required by regulatory bodies such as the SEC. C. focuses on the organization as a whole, rather than on the organization's segm D. Responses a, b, and c are all correct. 2. Which of the following is NOT one of the three major customer value propositio discussed in the text? A. customer intimacy B. operational excellence C. zero defects D. product leadership 3. The production supervisor's salary would be considered a(n): A. period cost B. product cost. C. administrative cost. D. selling expense. 4. The corporate controller's salary would be considered a(n): A. manufacturing cost. B. product cost. C. administrative cost. D. selling expense. 5. An example of a period cost is: A. fire insurance on a factory building. B. salary of a factory supervisor