SOLVED

Objective 2 1) A well-designed management accounting and control system should focus strictly on long-term quantitative performance measures. 2) A well-designed management accounting and control system should incorporate the organization’s ethical code of conduct. 3) Behavioral considerations of a well-designed management accounting and control system include all of the following except: A) short-term qualitative and quantitative measures. B) incentive compensation. C) information accuracy. D) the organization’s ethical code of conduct. 4) The two major categories of technical considerations for a management accounting and control system are: A) design and accuracy of information. B) relevance of information and scope of system. C) service and timely information. D) development and flexibility. 5) The relevance of information in a MACS includes providing all of the following EXCEPT: A) the most accurate information possible. B) a global framework that can be applied uniquely to each division or unit. C) feedback on performance measures in a timely fashion. D) different costing methods for each division. 6) Consistency is an important technical consideration for a MACS because: A) the system includes the organization’s ethical code of conduct. B) the system provides feedback C) the system needs to be applied globally across all the segments of the organization D) the system’s applications need to be capable of being customized for local decisions. 7) Information is relevant in a MACS if: A) it can be applied in a flexible manner. B) it is inaccurate. C) it is inconsistent. D) it is late. 8) The characteristic of a management accounting and control system that allows employees to customize applications for local decisions is referred to as being: A) timely. B) flexible. C) accurate. D) in control. 9) The characteristic of a management accounting and control system that means the language used and the technical methods of producing management accounting information not conflict within various parts of the organization is referred to as being: A) in control. B) accurate. C) consistent. D) Kaizen.