Question 1

The internal business perspective of the balanced scorecard addresses how well the organization is doing with regard to important customer criteria.

Accepted Answer

A) True 
 B)False

Question 2

Core competencies are not

Accepted Answer

A) internal functions crucial to the success and survival of a company. 
B) attributes that keep a firm from competing. 
C) different for every organization. 
D) considered influences on corporate strategies. 
A) internal functions crucial to the success and survival of a company. 
B) attributes that keep a firm from competing. 
C) different for every organization. 
D) considered influences on corporate strategies.

Question 3

The set of processes that convert inputs into services and products that consumers use is called

Accepted Answer

A) a core competency. 
B) an operational plan. 
C) the value chain. 
D) the product life cycle. 
A) a core competency. 
B) an operational plan. 
C) the value chain. 
D) the product life cycle.

Question 4

The Sarbanes-Oxley Act of 2002 provides legal protection for individuals who report illegal organizational activities to appropriate persons or agencies.

Accepted Answer

A) True 
 B)False

Question 5

The learning and growth perspective of the balanced scorecard addresses stakeholder concerns about profitability and organizational growth.

Accepted Answer

A) True 
 B)False

Question 6

Financial accounting is highly regulated by rules and regulations.

Accepted Answer

A) True 
 B)False

Question 7

Define value chain and provide a graphic of the interacting flows of information within the value chain.

Accepted Answer

The value chain is the set of processes

Question 8

The branch of accounting that serves as a bridge between financial and managerial accounting is ____________________ accounting.

Accepted Answer

The answer of The branch of accounting that serves as...

Question 9

The ethical standards established for management accountants are in the areas of

Accepted Answer

A) competence,licensing,reporting,and education. 
B) budgeting,cost allocation,product costing,and insider trading. 
C) competence,confidentiality,integrity,and credibility. 
D) disclosure,communication,decision making,and planning. 
A) competence,licensing,reporting,and education. 
B) budgeting,cost allocation,product costing,and insider trading. 
C) competence,confidentiality,integrity,and credibility. 
D) disclosure,communication,decision making,and planning.

Question 10

A long-term plan that fulfills the goals and objectives of an organization is known as a(n)

Accepted Answer

A) management style. 
B) strategy. 
C) mission statement. 
D) operational mission. 
A) management style. 
B) strategy. 
C) mission statement. 
D) operational mission.

Question 11

Mission statements typically remain unchanged throughout the life of an organization.

Accepted Answer

A) True 
 B)False

Question 12

Distinguish between lead indicators and lag indicators,and provide an example of each.Which of these indicators is a better guide for strategic planning?

Accepted Answer

A lag indicator is an outcome that has r

Question 13

The balanced scorecard perspective that addresses how well the organization is meeting specific customer-based criteria is the ______________________________ perspective.

Accepted Answer

The answer of The balanced scorecard perspective that addresses how...

Question 14

An organization's strategy should reflect the organization's core competencies.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following statements istrue?

Accepted Answer

A) Management accounting is a subset of cost accounting. 
B) Cost accounting is a subset of both management and financial accounting. 
C) Management accounting is a subset of both cost and financial accounting. 
D) Financial accounting is a subset of cost accounting. 
A) Management accounting is a subset of cost accounting. 
B) Cost accounting is a subset of both management and financial accounting. 
C) Management accounting is a subset of both cost and financial accounting. 
D) Financial accounting is a subset of cost accounting.

Question 16

Financial accounting is most concerned with addressing the needs of individual departments of the firm.

Accepted Answer

A) True 
 B)False

Question 17

An organization's return on assets (ROA)is an example of a lead indicator.

Accepted Answer

A) True 
 B)False

Question 18

A function or activity in which an organization seeks to excel above its competitors is a ______________________________.

Accepted Answer

The answer of A function or activity in which an...

Question 19

The financial perspective of the balanced scorecard addresses how well the organization is doing with regard to important customer criteria.

Accepted Answer

A) True 
 B)False

Question 20

Financial accounting is most concerned with meeting the needs of external users.

Accepted Answer

A) True 
 B)False

The internal business perspective of the balanced scorecard addresses how well the organization is doing with regard to important customer criteria.

Core competencies are not

The set of processes that convert inputs into services and products that consumers use is called

The Sarbanes-Oxley Act of 2002 provides legal protection for individuals who report illegal organizational activities to appropriate persons or agencies.

The learning and growth perspective of the balanced scorecard addresses stakeholder concerns about profitability and organizational growth.

Financial accounting is highly regulated by rules and regulations.

Define value chain and provide a graphic of the interacting flows of information within the value chain.

The branch of accounting that serves as a bridge between financial and managerial accounting is ____________________ accounting.

The ethical standards established for management accountants are in the areas of

A long-term plan that fulfills the goals and objectives of an organization is known as a(n)

Mission statements typically remain unchanged throughout the life of an organization.

Distinguish between lead indicators and lag indicators,and provide an example of each.Which of these indicators is a better guide for strategic planning?

The balanced scorecard perspective that addresses how well the organization is meeting specific customer-based criteria is the ______________________________ perspective.

An organization's strategy should reflect the organization's core competencies.

Which of the following statements istrue?

Financial accounting is most concerned with addressing the needs of individual departments of the firm.

An organization's return on assets (ROA)is an example of a lead indicator.

A function or activity in which an organization seeks to excel above its competitors is a ______________________________.

The financial perspective of the balanced scorecard addresses how well the organization is doing with regard to important customer criteria.

Financial accounting is most concerned with meeting the needs of external users.

Cost Terminology and Cost Behaviors

Predetermined Overhead Rates, flexible Budgets, and Absorptionvariable Costing

Activity-Based Management and Activity-Based Costing

Job Order Costing

Process Costing

Standard Costing and Variance Analysis

The Master Budget

Break-Even Point and Cost-Volume-Profit Analysis

Relevant Information for Decision Making

Allocation of Joint Costs and Accounting for By-Products

Introduction to Cost Management Systems

Responsibility Accounting, support Department Allocations, and Transfer Pricing

Performance Measurement, balanced Scorecards, and Performance Rewards

Capital Budgeting

Managing Costs and Uncertainty

Implementing Quality Concepts

Inventory and Production Management

Emerging Management Practices

Filters

Exam 1: Introduction to Cost Accounting

The internal business perspective of the balanced scorecard addresses how well the organization is doing with regard to important customer criteria.

Core competencies are not

The set of processes that convert inputs into services and products that consumers use is called

The Sarbanes-Oxley Act of 2002 provides legal protection for individuals who report illegal organizational activities to appropriate persons or agencies.

The learning and growth perspective of the balanced scorecard addresses stakeholder concerns about profitability and organizational growth.

Financial accounting is highly regulated by rules and regulations.

Define value chain and provide a graphic of the interacting flows of information within the value chain.

The branch of accounting that serves as a bridge between financial and managerial accounting is ____________________ accounting.

The ethical standards established for management accountants are in the areas of

A long-term plan that fulfills the goals and objectives of an organization is known as a(n)

Mission statements typically remain unchanged throughout the life of an organization.

Distinguish between lead indicators and lag indicators,and provide an example of each.Which of these indicators is a better guide for strategic planning?

The balanced scorecard perspective that addresses how well the organization is meeting specific customer-based criteria is the ______________________________ perspective.

An organization's strategy should reflect the organization's core competencies.

Which of the following statements istrue?

Financial accounting is most concerned with addressing the needs of individual departments of the firm.

An organization's return on assets (ROA)is an example of a lead indicator.

A function or activity in which an organization seeks to excel above its competitors is a ______________________________.

The financial perspective of the balanced scorecard addresses how well the organization is doing with regard to important customer criteria.

Financial accounting is most concerned with meeting the needs of external users.

Cost Terminology and Cost Behaviors

Predetermined Overhead Rates, flexible Budgets, and Absorptionvariable Costing

Activity-Based Management and Activity-Based Costing

Job Order Costing

Process Costing

Standard Costing and Variance Analysis

The Master Budget

Break-Even Point and Cost-Volume-Profit Analysis

Relevant Information for Decision Making

Allocation of Joint Costs and Accounting for By-Products

Introduction to Cost Management Systems

Responsibility Accounting, support Department Allocations, and Transfer Pricing

Performance Measurement, balanced Scorecards, and Performance Rewards

Capital Budgeting

Managing Costs and Uncertainty

Implementing Quality Concepts

Inventory and Production Management

Emerging Management Practices

Filters