Question 1

In a global economy,

Accepted Answer

A) the trade of goods and services is focused on trade between or among countries on the same continent. 
B) the international movement of labor is prohibited except for multilingual persons. 
C) the international flows of capital and information are common. 
D) all of the above happen in a global economy. 
A) the trade of goods and services is focused on trade between or among countries on the same continent. 
B) the international movement of labor is prohibited except for multilingual persons. 
C) the international flows of capital and information are common. 
D) all of the above happen in a global economy.

Question 2

Which of the following statements is false?

Accepted Answer

A) A primary purpose of cost accounting is to determine valuations needed for external financial statements. 
B) A primary purpose of management accounting is to provide information to managers for use in planning,controlling,and decision making. 
C) The act of converting production inputs into finished products or services necessitates cost accounting. 
D) Two primary hallmarks of cost and management accounting are standardization of procedures and use of generally accepted accounting principles. 
A) A primary purpose of cost accounting is to determine valuations needed for external financial statements. 
B) A primary purpose of management accounting is to provide information to managers for use in planning,controlling,and decision making. 
C) The act of converting production inputs into finished products or services necessitates cost accounting. 
D) Two primary hallmarks of cost and management accounting are standardization of procedures and use of generally accepted accounting principles.

Question 3

Managerial accounting is highly regulated by rules and regulations.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is not a valid method for determining product cost?

Accepted Answer

A) arbitrary assignment 
B) direct measurement 
C) systematic allocation 
D) cost-benefit measurement 
A) arbitrary assignment 
B) direct measurement 
C) systematic allocation 
D) cost-benefit measurement

Question 5

The financial perspective of the balanced scorecard focuses on using an organization's intellectual capital to adapt to or influence customer needs and expectations.

Accepted Answer

A) True 
 B)False

Question 6

The Foreign Corrupt Practices Act is directed at

Accepted Answer

A) U.S.corporations operating overseas. 
B) foreign businesses operating in the U.S. 
C) all businesses dealing with U.S.consumers. 
D) all U.S.businesses with operations in foreign countries. 
A) U.S.corporations operating overseas. 
B) foreign businesses operating in the U.S. 
C) all businesses dealing with U.S.consumers. 
D) all U.S.businesses with operations in foreign countries.

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

Data that reflects future financial and non-financial outcomes is referred to as ____________________ indicators.

Accepted Answer

The answer of Data that reflects future financial and non-financial...

Question 9

What four areas are covered by the Standards of Ethical Conduct for Certified Management Accountants? How are these areas defined?

Accepted Answer

The four areas covered by the Standards

Question 10

The balanced scorecard perspective that addresses things that an organization needs to do well to meet customer needs and expectations is the ______________________________ perspective.

Accepted Answer

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

Question 11

The balanced scorecard perspective that focuses on using a firm's intellectual capital to adapt to customer needs through product or service innovations is the ______________________________ perspective.

Accepted Answer

The answer of The balanced scorecard perspective that focuses on...

Question 12

Line personnel give assistance to staff employees.

Accepted Answer

A) True 
 B)False

Question 13

The balanced scorecard perspective that addresses concerns about organizational growth is the:

Accepted Answer

A) learning and growth perspective 
B) internal business perspective 
C) customer value perspective 
D) financial perspective 
A) learning and growth perspective 
B) internal business perspective 
C) customer value perspective 
D) financial perspective

Question 14

Which ethical standard has been violated if an accountant fails to prepare financial statements according to industry standards?

Accepted Answer

A) Competence 
B) Confidentiality 
C) Integrity 
D) Credibility 
A) Competence 
B) Confidentiality 
C) Integrity 
D) Credibility

Question 15

The Foreign Corrupt Practices Act of 1977 provides legal protection for individuals who report illegal organizational activities to appropriate persons or agencies.

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

A) True 
 B)False

Question 17

Return on investment was used in the 1900's to evaluate business operations.

Accepted Answer

A) True 
 B)False

Question 18

What are the functions of a mission statement?

Accepted Answer

The mission statement expresses: 1.the p

Question 19

On what needs do (1)management accounting and (2)financial accounting focus?

Accepted Answer

Management accounting focuses on the nee

Question 20

Line managers are directly responsible for achieving organizational goals.

Accepted Answer

A) True 
 B)False

In a global economy,

Which of the following statements is false?

Managerial accounting is highly regulated by rules and regulations.

Which of the following is not a valid method for determining product cost?

The financial perspective of the balanced scorecard focuses on using an organization's intellectual capital to adapt to or influence customer needs and expectations.

The Foreign Corrupt Practices Act is directed at

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

Data that reflects future financial and non-financial outcomes is referred to as ____________________ indicators.

What four areas are covered by the Standards of Ethical Conduct for Certified Management Accountants? How are these areas defined?

The balanced scorecard perspective that addresses things that an organization needs to do well to meet customer needs and expectations is the ______________________________ perspective.

The balanced scorecard perspective that focuses on using a firm's intellectual capital to adapt to customer needs through product or service innovations is the ______________________________ perspective.

Line personnel give assistance to staff employees.

The balanced scorecard perspective that addresses concerns about organizational growth is the:

Which ethical standard has been violated if an accountant fails to prepare financial statements according to industry standards?

The Foreign Corrupt Practices Act of 1977 provides legal protection for individuals who report illegal organizational activities to appropriate persons or agencies.

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

Return on investment was used in the 1900's to evaluate business operations.

What are the functions of a mission statement?

On what needs do (1)management accounting and (2)financial accounting focus?

Line managers are directly responsible for achieving organizational goals.

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

In a global economy,

Which of the following statements is false?

Managerial accounting is highly regulated by rules and regulations.

Which of the following is not a valid method for determining product cost?

The financial perspective of the balanced scorecard focuses on using an organization's intellectual capital to adapt to or influence customer needs and expectations.

The Foreign Corrupt Practices Act is directed at

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

Data that reflects future financial and non-financial outcomes is referred to as ____________________ indicators.

What four areas are covered by the Standards of Ethical Conduct for Certified Management Accountants? How are these areas defined?

The balanced scorecard perspective that addresses things that an organization needs to do well to meet customer needs and expectations is the ______________________________ perspective.

The balanced scorecard perspective that focuses on using a firm's intellectual capital to adapt to customer needs through product or service innovations is the ______________________________ perspective.

Line personnel give assistance to staff employees.

The balanced scorecard perspective that addresses concerns about organizational growth is the:

Which ethical standard has been violated if an accountant fails to prepare financial statements according to industry standards?

The Foreign Corrupt Practices Act of 1977 provides legal protection for individuals who report illegal organizational activities to appropriate persons or agencies.

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

Return on investment was used in the 1900's to evaluate business operations.

What are the functions of a mission statement?

On what needs do (1)management accounting and (2)financial accounting focus?

Line managers are directly responsible for achieving organizational goals.

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