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Introduction To Managerial Accounting, Fifth Canadian Edition Test Bank

Get exam-ready with Introduction To Managerial Accounting, Fifth Canadian Edition Test Bank, a well-structured guide featuring topic-wise explanations and practice exercises.

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ExamName___________________________________MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.1)The implementation phase includes all of these activities EXCEPT:1)A)solve on-the-spot problemsB)assign tasks to employeesC)making Short-term and Long-term decisions.D)selecting a course of action.Answer:DExplanation:A)B)C)D)2)Which of the following statements is not true?2)A)Financial accounting presents a historical perspective of business activities.B)Financial accounting and managerial accounting are independent of each other.C)Managerial accounting has a strong orientation towards the future.D)Financial accounting, due to the requirements of regulation, is mandatory forbusinesses.Answer:BExplanation:A)B)C)D)3)Companies using the just-in-time (JIT) approach hope to achieve:3)A)reduction of costs associated with setup by producing in large batches.B)reduced defect rates, resulting in less waste and greater customer satisfaction.C)gains in production flexibility.D)the hiring of specialized workers to increase production.Answer:BExplanation:A)B)C)D)1

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Accounting
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Introduction To Managerial Accounti...

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