All of the following is related to the controlling function of management except: a. Performance reports b. Gathering feedback c. None of the given answers d. Establishing goals
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- Setting objectives and identifying methods to achieve those objectives is calleda. planning.b. decision making.c. controlling.d. performance evaluation.e. None of these.Which of the following is not a goal of performance evaluation systems? a. Promoting goal congruence and coordination b. Communicating expectations c. Providing feedback d. Reprimanding unit managersPlease use the below format for your submitted answers, using a table or spreadsheet: Response Spreadsheet or Table Format 1. Segregation of II. Subsidiary ledger Duties errors A1. COSO objective A2. Design adequacy or Operational effectiveness A3. Insignificant, Significant, or Material A4. Overall conclusions B1. IA reporting B2. Management reporting III. Untimely reconciliations
- Which of the following is one of the limitations of Management Accounting?Select one:a. Existence of wide knowledgeb. Simplified approachc. Lack of objectivityd. Free of cost systemPreparing performance reports that contain data only about items that a specific manager controls is an example of which of the following? A. Financial reporting B. Learning and innovation C. Management by exception D. Responsibility accountingWhich of the following is true about designing an accounting−based performance measure? A. Management's beliefs are not required during the analyses. B. The issues considered in each step are independent. C. The decisions made in steps are followed in a hierarchical order. D. Behavioral criteria are important when evaluating the steps
- Which one of the following is related to the decision making function of management: O a. None of the given answers O b. Choosing among alternatives О с. Performance reports d. Budgeting e. Establishing goalsWhich one of the following is related to the decision making function of management a. Performance reports b. Budgeting c. Choosing among alternatives d. None of the given answers e. Establishing goalsWhich one of the following is related to the decision making function of management: O a. Establishing goals O b. Choosing among alternatives O c. None of the given answers O d. Budgeting O e. Performance reports
- Feedback from the control function helps managers compare actual results with planned results and take corrective actions. True or False True FalseManagement accounting data are expected to be objective and verifiable. Select one: O True FalseThat event of management's desired objectives is an example of: а. Efficiency. b. Reliability. С. Planning. d. Effectiveness.