QUESTION 10

In the table below indicate whether each statement is True or False by adding T or F in the blank space at the right.

1	Management accounting information must follow generally accepted accounting principles
2	Goal congruence in well-designed performance measurement systems best explains a congruence between employees and the company
3	A flexible budget predicts estimated revenues and costs at varying levels of production.
4	Makin too many units is a possible cause of an unfavorable labor efficiency variance?
5	In centralized organizations, primary decisions are made by various managers throughout the organization.
6	Costs that a company or manager can influence are called controllable costs.
7	Opportunity costs are the costs associated with not choosing the other alternative.
8	Segmenting is the act of using another company to provide goods or services that your company requires.
9	Fixed costs are expenses that remain constant as activities change within the relevant range.
10	Prime costs are direct labour and direct materials.