test bank for Cost Management 6th Edition by Don R. Hansen
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Cost Management 6 th Edition by Don R. Hansen, Maryanne M. Mowen, Dan L. Heitger
Chapter 1-21 Answers are at the End of Each Chapter
Chapter 1
Indicate whether the statement is true or false.
1. The service sector of the U.S. economy has decreased in importance as traditional industries have declined in
importance.
a. True
b. False
2. Business ethics is learning what is right or wrong in the work environment and choosing what is right.
a. True
b. False
3. Three of the major certifications available to management accountants are a Certificate in Management Accounting, a
Certificate in Public Accounting, and a Certificate in Internal Auditing.
a. True
b. False
4. Positions that have direct responsibility for basic objectives are referred to as staff positions, and those indirectly
responsible are called line positions.
a. True
b. False
5. Evaluating the performance of a segment of the company is an example of planning.
a. True
b. False
