The Management Accountant at Woodhaven Cycle Shoppe Developed a Budget

question 59

Multiple Choice

The management accountant at Woodhaven Cycle Shoppe developed a budget to establish the sales goals at the store in 2012. In 2013, the management accountant evaluated the performance in the organization, reviewed the performance of the sales staff, and compared the sales results to the actual budget that the managerial accountant developed in 2012. Which of the following management accounting responsibilities is the management accountant using in this example?

• A)Planning
• B)Directing
• C)Controlling
• D)Designing
• E)Implementing

---

Definitions:

Cohabitation Rates

The statistical measure or frequency of couples living together without being legally married.

Economic Needs

The basic requirements for an individual or family to maintain a standard of living, including food, shelter, and clothing.

Housing Needs

The requirements for shelter and accommodations that support a livable and secure environment for individuals or families.

Gradual Retirement

A process or arrangement allowing employees to reduce their working hours and workload over time before completely retiring.