Management Accounting Principles (MAP) Quiz
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Questions and Answers

Which term is often used interchangeably with management accounting principles for the purpose of improving decision support objectives, internal business processes, and resource application?

  • Principle of Causality
  • Principle of Analogy
  • MAP (correct)
  • MCCF

    • What are the two management accounting principles mentioned in the text?

  • Principle of Efficiency and Principle of Analogy
  • Principle of Causality and Principle of Efficiency
  • Principle of Effectiveness and Principle of Efficiency
  • Principle of Causality and Principle of Analogy (correct)

    • What does the Managerial Costing Conceptual Framework (MCCF) incorporate?

  • Management accounting principles and constraints
  • Management accounting principles, concepts, and constraints (correct)
  • Management accounting concepts and constraints
  • Management accounting principles and concepts

    • What is the purpose of the Management Accounting Principles (MAP)?

    <p>To serve the core needs of internal management</p> Signup and view all the answers

    What does the framework incorporating the management accounting principles and concepts end?

    <p>Decades of confusion surrounding management accounting approaches</p> Signup and view all the answers

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