) Managerial accountants may be responsible for:
A) analyzing data.
B) communicating results.
C) providing decision support.
D) all of the above.
22) Which of the following skills are required of managerial accountants?
A) The ability to work on a team
B) Analytical skills
C) Oral and written communication skills
D) All of the above
23) Which would be a subgroup of the Board of Directors?
A) Audit committee
B) Financial committee
C) Managerial committee
D) Stockholders' committee
24) Which person or group is NOT an employee of a corporation?
A) The CFO
B) A member of the audit committee
C) The Treasurer
D) The VP of manufacturing
25) Which person is hired directly by the board of directors to run the company?
A) The Treasurer
B) The CEO
C) The CFO
D) The COO
26) Managerial accountants often work on teams called:
A) audit teams.
B) cross-functional teams.
C) multi-functional teams.
27) A company's Board of Directors meets:
C) periodically, as needs dictate.
28) Who requires companies listed on the New York Stock Exchange to have an internal audit function?
A) The Board of Directors
B) The NYSE
C) The internal revenue service (IRS)
D) The stockholders
29) The person or position who is directly responsible for all financial concerns is the:
30) The person or position who is directly responsible for the company's operations, such as research and development, production and distribution is the:
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