Question : 55.Managerial accounting information: A. Is used mainly by external users. B. Involves gathering information : 1258472

55.Managerial accounting information:

A. Is used mainly by external users.

B. Involves gathering information about costs for planning and control decisions.

C. Is generally the only accounting information available to managers.

D. Can be used for control purposes but not for planning purposes.

E. Has little to do with controlling costs.

56.Managerial accounting is different from financial accounting in that:

A. Managerial accounting is more focused on the organization as a whole and financial accounting is more focused on subdivisions of the organization.

B. Managerial accounting never includes nonmonetary information.

C. Managerial accounting includes many projections and estimates whereas financial accounting has a minimum of predictions.

D. Managerial accounting is used extensively by investors, whereas financial accounting is used only by creditors.

E. Managerial accounting is mainly used to set stock prices.

57.Flexibility of practice when applied to managerial accounting means that

A. The information must be presented in electronic format so that it is easily changed.

B. Managers must be willing to accept the information as the accountants present it to them, rather than in the format they ask for.

C. The managerial accountants need to be on call twenty-four hours a day.

D. Managerial accounting system differ across companies depending on the nature of the business and the arrangement of its internal operations.

E. Managers must be flexible with information provided in varying forms and using inconsistent measures.

58.Which of the following items does not represent a difference between financial and managerial accounting?

A. Users of the information.

B. Flexibility of reporting.

C. Timeliness of information.

D. Focus of the information.

E. Managerial accounting does not use the financial information from the financial accounting system.

59.Which of the following items is not a management concept that was created to improve companies’ performances?

A. Just-in-time manufacturing.

B. GAAP constraints and guidelines.

C. Total quality management.

D. Continuous improvement.

E. Customer orientation.

60.The Malcolm Baldrige National Quality Award that encourages an emphasis on quality was established by

A. The United Nations.

B. The U.S. Chamber of Commerce.

C. The Malcolm Baldrige Foundation.

D. The U.S. Congress.

E. The SEC.

61.Continuous improvement:

A. Encourages employees to maintain established business practices.

B. Strives to preserve acceptable levels of performance.

C. Rejects the notion of “good enough.”

D. Is not applicable to most businesses.

E. Is possible only in service businesses.

62.An attitude of constantly seeking ways to improve company operations, including customer service, product quality, product features, the production process, and employee interactions, is called:

A. Continuous improvement.

B. Customer orientation.

C. Just-in-time.

D. Theory of constraints.

E. Total quality measurement.

63.A management concept based on an understanding of the changing wants and needs of customers, and which leads to flexible product designs and production processes, is called:

A. Continuous improvement.

B. Customer orientation.

C. Just-in-time.

D. Theory of constraints.

E. Total quality management.

64.An approach to managing inventories and production operations such that units of materials and products are obtained and provided only as they are needed is called:

A. Continuous improvement.

B. Customer orientation.

C. Just-in-time manufacturing.

D. Theory of constraints.

E. Total quality management.

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July 1, 2023

61. Which of the following statements regarding intermolecular forces is incorrect?

A)Hydrogen bonding is the strongest of the intermolecular forces.

B)London dispersion forces increase with increasing molecular size.

C)Dipole-dipole forces are present in all atoms and molecules.

D)In order for a pure substance to participate in hydrogen bonding, it must have hydrogen bonded to F, O, or N.

E)Intermolecular forces are much weaker than bonding forces.

62. Which of the following statements regarding intermolecular forces is incorrect?

A)Hydrogen bonding is the strongest of the intermolecular forces for substances of similar molar mass.

B)London dispersion forces are present in all atoms and molecules.

C)Dipole-dipole forces increase with increasing molecular size.

D)Bonding forces are much stronger than intermolecular forces.

E)Hydrogen bonding is the reason for the abnormally high boiling point of water.

63. Which choice correctly lists the intermolecular forces present in CH3NH2?

A)London forces only

B)dipole-dipole forces only

C)London forces, dipole-dipole forces, and hydrogen bonding

D)dipole-dipole forces and hydrogen bonding

E)hydrogen bonding only

64. Which choice correctly lists the intermolecular forces present in CH4?

A)London forces only

B)London forces and dipole-dipole forces

C)London forces, dipole-dipole forces, and hydrogen bonding

D)dipole-dipole forces and hydrogen bonding

E)London forces and hydrogen bonding

65. Which choice correctly lists the intermolecular forces present in CH3Br?

A)London forces only

B)London forces and dipole-dipole forces

C)London forces, dipole-dipole forces, and hydrogen bonding

D)dipole-dipole forces and hydrogen bonding

E)London forces and hydrogen bonding

66. Arrange the following substances in order of increasing boiling point: CH3OH, CH4, CH3CH2OH, HOCH2CH2OH

A)CH3OH < CH4 < CH3CH2OH < HOCH2CH2OH B)CH4 < CH3OH < CH3CH2OH < HOCH2CH2OH C)CH4 < CH3OH < HOCH2CH2OH < CH3CH2OH D)CH3OH < CH4 < HOCH2CH2OH < CH3CH2OH E)HOCH2CH2OH < CH3CH2OH < CH3OH < CH4 67. Arrange the following substances in order of increasing boiling point: N2, H2, NH3, PH3 A)H2 < N2 < PH3 < NH3D)N2 < PH3 < NH3 < H2 B)N2 < H2 < PH3 < NH3E)NH3 < PH3 < N2 < H2 C)H2 < N2 < NH3 < PH3 68. Select the pair of substances which has the one with the higher equilibrium vapor pressure at a given temperature listed first. A)H2O, H2SD)NH3, PH3 B)CH3CH2OH, CH3OHE)Br2, Cl2 C)CH3COCH3, CH3CH2CH2OH 69. Select the pair of substances which has the one with the higher equilibrium vapor pressure at a given temperature listed first. A)H2O, HClD)AsH3, PH3 B)CH3OH, CH4E)Cl2, Br2 C)CH3CH2CH2OH, CH3COCH3 70. Which of the following statements regarding the liquid state is incorrect? A)Liquids are about 1000 times denser than gases. B)Liquids are normally about 90-95% as dense as their corresponding solid. C)The viscosity of a liquid is a measure of its resistance to flow. D)Molecules with high intermolecular forces will have high surface tension. E)Surface tension increases as temperature increases.