Exam 13: Emerging Topics in Managerial Accounting: Sustainability, Quality Cost, Lean Accounting, International Issues, Enterprise Risk Management, the Managerial Accountant in Forensicfraud Accounting

Lean manufacturing is concerned with:

(Multiple Choice)

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Question 21

A companion to a demand-push system is JIT purchasing.

(True/False)

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Question 22

Which of the following is true of economic risk?

(Multiple Choice)

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Question 23

_________ is the external verification that an independent party provides concerning the content of a corporate sustainability report and/or the process used in preparing a corporate sustainability report.

(Short Answer)

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Question 24

The decision to form a strategic alliance with a new business partner to respond to the risk of low product quality represents an example of risk avoidance.

(True/False)

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Question 25

Which of the following is true of prevention costs?

(Multiple Choice)

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Question 26

Assume that facility costs are $350,000 per year for a plant occupying 20,000 square feet.The cost per square foot is $17.50.A value stream occupying 10,000 square feet would be assigned a cost of $175,000.If the value-stream manager figures out how to do the same tasks with 5,000 square feet, the cost would be reduced to:

(Multiple Choice)

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Question 27

_________ is defined as wrongful or criminal deception intended to result in financial or personal gain.

(Short Answer)

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Question 28

Of all the costs of quality, external failure costs can be the most devastating.

(True/False)

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Question 29

The weekly unit product cost for a single-product value stream is calculated by:

(Multiple Choice)

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Question 30

The weekly unit product cost for multiple-product value streams is calculated by:

(Multiple Choice)

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Question 31

The lean control system replaces the traditional standard costing approach with a Box Scorecard that compares operational, capacity, and financial metrics with prior week performances and with a future desired state.

(True/False)

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Question 32

The application of accounting knowledge in legal or other cases to help resolve different types of disputes is:

(Multiple Choice)

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Question 33

As per PricewaterhouseCoopers' survey of 1,409 CEOs from across 83 countries, the stakeholders who had the greatest impact on an organization's strategy are:

(Multiple Choice)

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Question 34

Which of the following is true of lean accounting?

(Multiple Choice)

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Question 35

Which of the following is the most important reason for an organization to use enterprise risk management?

(Multiple Choice)

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Question 36

Elite Corp.builds a manufacturing plant in a foreign trade zone.Materials costing $2,000,000 each month are imported.Duty is assessed at 6% of cost.About 14% of the materials are defective and disposed of as waste.What is the savings to the company of locating inside a foreign trade zone?

(Multiple Choice)

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Question 37

terms listed below. -?Costs incurred to determine whether products and services are conforming to their requirements

(Multiple Choice)

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Question 38

Risk response benefit can be defined as:

(Multiple Choice)

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Question 39

Which of the following is true of stakeholder engagement?

(Multiple Choice)

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Question 40

Showing 21 - 40 of 128

Lean manufacturing is concerned with:

A companion to a demand-push system is JIT purchasing.

Which of the following is true of economic risk?

_________ is the external verification that an independent party provides concerning the content of a corporate sustainability report and/or the process used in preparing a corporate sustainability report.

The decision to form a strategic alliance with a new business partner to respond to the risk of low product quality represents an example of risk avoidance.

Which of the following is true of prevention costs?

_________ is defined as wrongful or criminal deception intended to result in financial or personal gain.

Of all the costs of quality, external failure costs can be the most devastating.

The weekly unit product cost for a single-product value stream is calculated by:

The weekly unit product cost for multiple-product value streams is calculated by:

The lean control system replaces the traditional standard costing approach with a Box Scorecard that compares operational, capacity, and financial metrics with prior week performances and with a future desired state.

The application of accounting knowledge in legal or other cases to help resolve different types of disputes is:

As per PricewaterhouseCoopers' survey of 1,409 CEOs from across 83 countries, the stakeholders who had the greatest impact on an organization's strategy are:

Which of the following is true of lean accounting?

Which of the following is the most important reason for an organization to use enterprise risk management?

Elite Corp.builds a manufacturing plant in a foreign trade zone.Materials costing $2,000,000 each month are imported.Duty is assessed at 6% of cost.About 14% of the materials are defective and disposed of as waste.What is the savings to the company of locating inside a foreign trade zone?

terms listed below. -?Costs incurred to determine whether products and services are conforming to their requirements

Risk response benefit can be defined as:

Which of the following is true of stakeholder engagement?

Introduction to Managerial Accounting

Basic Managerial Accounting Concepts

Cost Behavior, Cost Forecasting, and Segmented Income Statements

Job-Order Costing and Normal Cost Overhead Application

Activity-Based Costing and Management

Process Costing

Cost-Volume-Profit Analysis

Tactical Decision-Making and Relevant Costing

Profit Planning and Flexible Budgets

Standard Costing and Variance Analysis

Performance Evaluation and Decentralization

Capital Investment Decisions

Statement of Cash Flows

Financial Statement Analysis

Filters

Exam 13: Emerging Topics in Managerial Accounting: Sustainability, Quality Cost, Lean Accounting, International Issues, Enterprise Risk Management, the Managerial Accountant in Forensicfraud Accounting

​Lean manufacturing is concerned with:

A companion to a demand-push system is JIT purchasing.​

​Which of the following is true of economic risk?

_________ is the external verification that an independent party provides concerning the content of a corporate sustainability report and/or the process used in preparing a corporate sustainability report.​

​The decision to form a strategic alliance with a new business partner to respond to the risk of low product quality represents an example of risk avoidance.

​Which of the following is true of prevention costs?

_________ is defined as wrongful or criminal deception intended to result in financial or personal gain.​

​Of all the costs of quality, external failure costs can be the most devastating.

​The weekly unit product cost for a single-product value stream is calculated by:

The weekly unit product cost for multiple-product value streams is calculated by:​

​The lean control system replaces the traditional standard costing approach with a Box Scorecard that compares operational, capacity, and financial metrics with prior week performances and with a future desired state.

​The application of accounting knowledge in legal or other cases to help resolve different types of disputes is:

​As per PricewaterhouseCoopers' survey of 1,409 CEOs from across 83 countries, the stakeholders who had the greatest impact on an organization's strategy are:

​Which of the following is true of lean accounting?

​Which of the following is the most important reason for an organization to use enterprise risk management?

Elite Corp.builds a manufacturing plant in a foreign trade zone.Materials costing $2,000,000 each month are imported.Duty is assessed at 6% of cost.About 14% of the materials are defective and disposed of as waste.What is the savings to the company of locating inside a foreign trade zone?

terms listed below. -?Costs incurred to determine whether products and services are conforming to their requirements

​Risk response benefit can be defined as:

​Which of the following is true of stakeholder engagement?

Introduction to Managerial Accounting

Basic Managerial Accounting Concepts

Cost Behavior, Cost Forecasting, and Segmented Income Statements

Job-Order Costing and Normal Cost Overhead Application

Activity-Based Costing and Management

Process Costing

Cost-Volume-Profit Analysis

Tactical Decision-Making and Relevant Costing

Profit Planning and Flexible Budgets

Standard Costing and Variance Analysis

Performance Evaluation and Decentralization

Capital Investment Decisions

Statement of Cash Flows

Financial Statement Analysis

Filters

Lean manufacturing is concerned with:

A companion to a demand-push system is JIT purchasing.

Which of the following is true of economic risk?

_________ is the external verification that an independent party provides concerning the content of a corporate sustainability report and/or the process used in preparing a corporate sustainability report.

The decision to form a strategic alliance with a new business partner to respond to the risk of low product quality represents an example of risk avoidance.

Which of the following is true of prevention costs?

_________ is defined as wrongful or criminal deception intended to result in financial or personal gain.

Of all the costs of quality, external failure costs can be the most devastating.

The weekly unit product cost for a single-product value stream is calculated by:

The weekly unit product cost for multiple-product value streams is calculated by:

The lean control system replaces the traditional standard costing approach with a Box Scorecard that compares operational, capacity, and financial metrics with prior week performances and with a future desired state.

The application of accounting knowledge in legal or other cases to help resolve different types of disputes is:

As per PricewaterhouseCoopers' survey of 1,409 CEOs from across 83 countries, the stakeholders who had the greatest impact on an organization's strategy are:

Which of the following is true of lean accounting?

Which of the following is the most important reason for an organization to use enterprise risk management?

Risk response benefit can be defined as:

Which of the following is true of stakeholder engagement?