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CHAPTER 1: INTRODUCTION TO COST MANAGEMENT
1. An accounting information system collects, records, summarizes, analyzes, and manages data to transform inputs into
information that is provided to users.
a. True
b. False
ANSWER: True
2. The two major subsystems of the accounting information system are the financial accounting information system
and the cost management accounting information system.
a. True
b. False
ANSWER: True
3. The cost management information system is primarily concerned with producing outputs for external users.
a. True
b. False
ANSWER: False
4. The three broad objectives of financial accounting information systems are to provide information for costing out
services and products, planning and control, and decision making.
a. True
b. False
ANSWER: False
5. Preparing reports for division managers is an activity associated with the cost management information system.
a. True
b. False
ANSWER: True
6. The cost management
Cornerstones of Cost Management 3e Don Hansen Maryanne Mowen All Chapters, Original , Complete And Study material 1085pages LEARNEXAMS
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