1. The management process is defined by

1. Planning
2. Controlling
3. Decision making
4. All of the above
5. None of the above

2. The organization that controls the certification of management accountants is the

1. FASB
2. SEC
3. IMA
4. AICPA
5. None of the above

3. One of the differences between managerial and financial accounting is

1. Financial accounting is oriented towards internal users
2. Managerial accounting has to follow GAAS
3. Managerial accounting is oriented towards external users
4. Financial accounting has to follow GAAP
5. None of the above

4. From the Strategic Finance article, Darren Snellgrove works for

1. Johnson & Johnson Innovation
2. Exxon Development
3. JCPenney Market Research
4. J.D. Edwards
5. None of the Above

5. Which of the following products would most likely use job-order costing instead of process costing?

1. Motor oil
2. Ice cream
3. Mass-produced furniture
4. Custom race cars
5. None of the above