Management Accounting Quiz
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Questions and Answers

What is the main purpose of management accounting?

  • Conducting external audits
  • Assisting managers in decision-making (correct)
  • Preparing financial statements
  • Recording day-to-day transactions
  • According to the Institute of Management Accountants, what does management accounting involve?

  • Partnering in management decision making (correct)
  • Solely focusing on financial reporting
  • Conducting internal audits
  • Providing legal advice to management
  • What is another term for management accounting?

  • Auditing
  • Forensic Accounting
  • Cost Accounting (correct)
  • Tax Accounting
  • What type of information does management accounting provide to the directors within an organization?

    <p>Financial and non-financial decision-making information</p> Signup and view all the answers

    What do management accountants focus on when considering the needs of the business?

    <p>Events happening in and around the business</p> Signup and view all the answers

    What is the main advantage SQL offered over older read-write APIs such as ISAM or VSAM?

    <p>Accessing many records with one single command</p> Signup and view all the answers

    Which mathematical concepts formed the basis for the development of SQL?

    <p>Relational algebra and tuple relational calculus</p> Signup and view all the answers

    What are the main components of SQL sublanguages?

    <p>Data query language, data definition language, data control language, data manipulation language</p> Signup and view all the answers

    What does the scope of SQL include?

    <p>Data query, data manipulation, data definition, and data access control</p> Signup and view all the answers

    What type of language is SQL considered to be?

    <p>Essentially a declarative language with procedural elements</p> Signup and view all the answers

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