Introduction to Management Accounting, 17e, GE (Horngren) Chapter 1 Managerial Accounting, the Business Organization, and Professional Ethics 1.1 Questions 1) Which credential is associated with management accountants? A) CPA B) CMA C) CFP D) IMA Answer: B Diff: 1 LO: 1-1 AACSB: Reflective thinking skills Learning Outcome: Describe the basics of managerial accounting and its function within an organization 2) The largest U.S. association of professional accountants whose major interest is management accounting is the ________. A) American Institute of Certified Public Accountants B) American Institute of Certified Management Accountants C) Institute of Management Accountants D) American Institute of Management Accountants Answer: C Diff: 1 LO: 1-1 AACSB: Reflective thinking skills Learning Outcome: Describe the basics of managerial accounting and its function within an organization 3) ________ is the field that produces information used primarily by managers within an organization. A) Financial accounting B) Management accounting C) Internal auditing D) External auditing Answer: B Diff: 1 LO: 1-1 AACSB: Reflective thinking skills Learning Outcome: Describe the basics