Chapter 1
Introduction to Managerial Accounting
Multiple Choice
1. (LO 1—Users of accounting information)
Answer: D
2. (LO 1—Knowledge management)
Answer: C
3. (LO 2—Users of accounting information)
Answer: A
4. (LO 2—Managerial vs. financial accounting)
5. (LO 2—Operational planning)
6. (LO 2—Functional responsibilities)
7. (LO 2—Role of managerial accountant)
8. (LO 3—Relevant costs)
9. (LO 3—Opportunity costs)
10. (LO 4—Ethics)