All of the following are examples of the management function of decision making except
a. Participating in negotiating contracts with vendors.
b. Motivating subordinates to get the job done properly.
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c. Taking corrective action in nonroutine situations.
d. Allocating organizational resources.
2. In making management decisions, the concept of profitability is most closely related to which of the following?
a. Management’s confidence in its control system.
b. The likelihood that a given event will occur.
c. The availability of factual information about alternatives.
d. Management ability to cope with subjective information.
3. Which of the following is not a function of a treasurer?
a. Signs checks.
b. Presents financial statements to stakeholders.
c. Analyze financial statements.
d. Keeps cash and financial instruments.
4. Which of the following is not an assumption that is made when assuming rationality on the part of the company?
a. The company chooses the decision that results in the maximum economic payoff.
b. The criteria and alternatives can be ranked according to their importance.
c. Specific decision criteria are constant and the weights assigned to them are stable over time.
d. The company seeks solutions that minimize conflict.
5. The attributes and principles of management accounting information include the following, except:
a. Completeness, accuracy, and clarity.
b. Confidence, communication, and volume.
c. Open and closed systems and contingent factors.
d. Timing, channel of communication and cost.