Question 1

The formulation of a scheme or program for the accomplishment of a specific purpose or goal is referred to as

Accepted Answer

A)  controlling. 
B)  motivating. 
C)  organizing. 
D)  planning. 
A)  controlling. 
B)  motivating. 
C)  organizing. 
D)  planning.

Question 2

Improvement in time performance is most likely NOT enhanced by

Accepted Answer

A)  redesign of products. 
B)  adding processes in production. 
C)  eliminating waste. 
D)  eliminating nonvalue-added activities. 
A)  redesign of products. 
B)  adding processes in production. 
C)  eliminating waste. 
D)  eliminating nonvalue-added activities.

Question 3

Continuous improvement is NOT

Accepted Answer

A)  critical in a dynamic environment. 
B)  important to finding and maintaining a competitive advantage. 
C)  an effort to find ways to increase overall efficiency, improve quality, and reduce costs. 
D)  a responsibility of managers in world-class organizations. 
A)  critical in a dynamic environment. 
B)  important to finding and maintaining a competitive advantage. 
C)  an effort to find ways to increase overall efficiency, improve quality, and reduce costs. 
D)  a responsibility of managers in world-class organizations.

Question 4

A(n) ____ is a computerized information system that strives to input data once and make it available to people across the company for different purposes.

Accepted Answer

A)  cost management information system 
B)  enterprise resource planning system 
C)  internal accounting system 
D)  financial accounting information system 
A)  cost management information system 
B)  enterprise resource planning system 
C)  internal accounting system 
D)  financial accounting information system

Question 5

Principles of personal ethical behaviour that are essential to an ethical life include

Accepted Answer

A)  integrity. 
B)  respect for others. 
C)  accountability. 
D)  all of the above. 
A)  integrity. 
B)  respect for others. 
C)  accountability. 
D)  all of the above.

Question 6

Management accounting is primarily concerned with:

Accepted Answer

A)  providing investors with useful information for valuing securities. 
B)  providing creditors information on the status of their loans. 
C)  providing managers with relevant information to help achieve organizational goals. 
D)  providing the relevant taxation authorities with information to determine the amount of taxes owed. 
A)  providing investors with useful information for valuing securities. 
B)  providing creditors information on the status of their loans. 
C)  providing managers with relevant information to help achieve organizational goals. 
D)  providing the relevant taxation authorities with information to determine the amount of taxes owed.

Question 7

In resolving an ethical conflict, which of the following would never be appropriate?

Accepted Answer

A)  discussing the matter with the chief executive officer 
B)  discussing the matter with an external member of the board of directors 
C)  taking the matter to the press where there is no legal requirement 
D)  resigning from the position because of a conflict 
A)  discussing the matter with the chief executive officer 
B)  discussing the matter with an external member of the board of directors 
C)  taking the matter to the press where there is no legal requirement 
D)  resigning from the position because of a conflict

Question 8

The standards of ethical conduct for management accountants include

Accepted Answer

A)  competence and performance. 
B)  integrity and respect for others. 
C)  confidentiality, confidence, integrity, and observance. 
D)  competence, confidentiality, integrity, and objectivity. 
A)  competence and performance. 
B)  integrity and respect for others. 
C)  confidentiality, confidence, integrity, and observance. 
D)  competence, confidentiality, integrity, and objectivity.

Question 9

Management accounting:

Accepted Answer

A)  provides a framework to evaluate information in light of an organization's goals. 
B)  provides relevant information to managers. 
C)  provides relevant information to meet specific needs of persons inside the organization. 
D)  all of the above 
A)  provides a framework to evaluate information in light of an organization's goals. 
B)  provides relevant information to managers. 
C)  provides relevant information to meet specific needs of persons inside the organization. 
D)  all of the above

The formulation of a scheme or program for the accomplishment of a specific purpose or goal is referred to as

Improvement in time performance is most likely NOT enhanced by

Continuous improvement is NOT

A(n) ____ is a computerized information system that strives to input data once and make it available to people across the company for different purposes.

Principles of personal ethical behaviour that are essential to an ethical life include

Management accounting is primarily concerned with:

In resolving an ethical conflict, which of the following would never be appropriate?

The standards of ethical conduct for management accountants include

Management accounting:

An Introduction to Cost Terms and Concepts

Cost Assignment

Accounting Entries for a Job Costing System

Process Costing

Joint and By-Product Costing

Income Effects of Alternative Cost Accumulation Systems

Cost-Volume-Profit Analysis

Measuring Relevant Costs and Revenues for Decision-Making

Activity-Based Costing

Pricing Decisions and Profitability Analysis

Decision-Making Under Conditions of Risk and Uncertainty

Capital Investment Decisions: Appraisal Methods

Capital Investment Decisions: the Impact of Capital Rationing, Taxation, Inflation and Risk

The Budgeting Process

Management Control Systems

Standard Costing and Variance Analysis 1

Standard Costing and Variance Analysis 2: Further Aspects

Divisional Financial Performance Measures

Transfer Pricing in Divisionalized Companies

Cost Management

Strategic Management Accounting

Cost Estimation and Cost Behaviour

Quantitative Models for the Planning and Control of Stocks

The Application of Linear Programming to Management Accounting

Filters

Exam 1: Introduction to Management Accounting

The formulation of a scheme or program for the accomplishment of a specific purpose or goal is referred to as

Improvement in time performance is most likely NOT enhanced by

Continuous improvement is NOT

A(n) ____ is a computerized information system that strives to input data once and make it available to people across the company for different purposes.

Principles of personal ethical behaviour that are essential to an ethical life include

Management accounting is primarily concerned with:

In resolving an ethical conflict, which of the following would never be appropriate?

The standards of ethical conduct for management accountants include

Management accounting:

An Introduction to Cost Terms and Concepts

Cost Assignment

Accounting Entries for a Job Costing System

Process Costing

Joint and By-Product Costing

Income Effects of Alternative Cost Accumulation Systems

Cost-Volume-Profit Analysis

Measuring Relevant Costs and Revenues for Decision-Making

Activity-Based Costing

Pricing Decisions and Profitability Analysis

Decision-Making Under Conditions of Risk and Uncertainty

Capital Investment Decisions: Appraisal Methods

Capital Investment Decisions: the Impact of Capital Rationing, Taxation, Inflation and Risk

The Budgeting Process

Management Control Systems

Standard Costing and Variance Analysis 1

Standard Costing and Variance Analysis 2: Further Aspects

Divisional Financial Performance Measures

Transfer Pricing in Divisionalized Companies

Cost Management

Strategic Management Accounting

Cost Estimation and Cost Behaviour

Quantitative Models for the Planning and Control of Stocks

The Application of Linear Programming to Management Accounting

Filters