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

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Over 90% of large organizations with sales revenue of more than $1 billion engage in some type of enterprise risk management (ERM).

(True/False)

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Question 81

The three components of the fraud triangle are financial need, opportunity, and ability to rationalize.

(True/False)

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Question 82

Planet Company had total sales of $15,000,000 for the fiscal year ending on December 31, 20X1. Planet's costs of quality are as follows: Calculate Planet's prevention cost for the year.

(Multiple Choice)

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Question 83

After determining risk appetite, enterprise risk management process immediately involves:

(Multiple Choice)

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Question 84

When U.S.dollars weaken relative to euros, it reflects that:

(Multiple Choice)

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Question 85

The _________ is made up of all the processes that a product must pass through, from the initial customer order to the delivery to the customer.

(Short Answer)

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Question 86

Using units shipped in the unit cost calculation for single-product value stream instead of units produced motivates managers to:

(Multiple Choice)

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Question 87

Which of the following is true of integrated reporting?

(Multiple Choice)

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Question 88

In lean manufacturing, _____ are the major enabling factors for producing on demand.

(Multiple Choice)

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Question 89

Which of the following is an external failure cost?

(Multiple Choice)

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Question 90

Which of the following is true of a joint venture?

(Multiple Choice)

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Question 91

In lean manufacturing, cell structure of manufacturing is chosen over departmental structure of manufacturing because it:

(Multiple Choice)

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Question 92

A _________ is one that does not conform to quality specifications.

(Short Answer)

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Question 93

Which of the following is true of the fraud triangle?

(Multiple Choice)

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Question 94

Assume that a value stream in Elite Company has two products with material costs of $40,000 and $80,000 for a given week.The conversion costs for the week amounted to $360,000.The units produced for the first product are 21,000 with 20,000 shipped to customers.For the second product, 40,000 units were produced and shipped.Calculate the cost per unit for the first product.(Note: Round to two decimal places.)

(Multiple Choice)

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Question 95

terms listed below. -?The benefit of the risk response minus the cost of risk response

(Multiple Choice)

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Question 96

When quality costs reach the optimal range of 2 to 4% of sales, control costs typically account for about _____ of total quality costs.

(Multiple Choice)

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Question 97

Which of the following is true of internal failure costs?

(Multiple Choice)

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Question 98

Enterprise risk management (ERM) uses a portfolio perspective to ensure:

(Multiple Choice)

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Question 99

The term business sustainability is synonymous with the term environmental sustainability.

(True/False)

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Question 100

Showing 81 - 100 of 128

Over 90% of large organizations with sales revenue of more than $1 billion engage in some type of enterprise risk management (ERM).

The three components of the fraud triangle are financial need, opportunity, and ability to rationalize.

Planet Company had total sales of $15,000,000 for the fiscal year ending on December 31, 20X1. Planet's costs of quality are as follows: Calculate Planet's prevention cost for the year.

After determining risk appetite, enterprise risk management process immediately involves:

When U.S.dollars weaken relative to euros, it reflects that:

The _________ is made up of all the processes that a product must pass through, from the initial customer order to the delivery to the customer.

Using units shipped in the unit cost calculation for single-product value stream instead of units produced motivates managers to:

Which of the following is true of integrated reporting?

In lean manufacturing, _____ are the major enabling factors for producing on demand.

Which of the following is an external failure cost?

Which of the following is true of a joint venture?

In lean manufacturing, cell structure of manufacturing is chosen over departmental structure of manufacturing because it:

A _________ is one that does not conform to quality specifications.

Which of the following is true of the fraud triangle?

terms listed below. -?The benefit of the risk response minus the cost of risk response

When quality costs reach the optimal range of 2 to 4% of sales, control costs typically account for about _____ of total quality costs.

Which of the following is true of internal failure costs?

Enterprise risk management (ERM) uses a portfolio perspective to ensure:

The term business sustainability is synonymous with the term environmental sustainability.

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

Over 90% of large organizations with sales revenue of more than $1 billion engage in some type of enterprise risk management (ERM).

​The three components of the fraud triangle are financial need, opportunity, and ability to rationalize.

Planet Company had total sales of $15,000,000 for the fiscal year ending on December 31, 20X1. Planet's costs of quality are as follows: Calculate Planet's prevention cost for the year.

​After determining risk appetite, enterprise risk management process immediately involves:

​When U.S.dollars weaken relative to euros, it reflects that:

The _________ is made up of all the processes that a product must pass through, from the initial customer order to the delivery to the customer.

​Using units shipped in the unit cost calculation for single-product value stream instead of units produced motivates managers to:

​Which of the following is true of integrated reporting?

In lean manufacturing, _____ are the major enabling factors for producing on demand.​

Which of the following is an external failure cost?​

​Which of the following is true of a joint venture?

In lean manufacturing, cell structure of manufacturing is chosen over departmental structure of manufacturing because it:

A _________ is one that does not conform to quality specifications.​

​Which of the following is true of the fraud triangle?

terms listed below. -?The benefit of the risk response minus the cost of risk response

​When quality costs reach the optimal range of 2 to 4% of sales, control costs typically account for about _____ of total quality costs.

​Which of the following is true of internal failure costs?

​Enterprise risk management (ERM) uses a portfolio perspective to ensure:

The term business sustainability is synonymous with the term environmental sustainability.​

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

The three components of the fraud triangle are financial need, opportunity, and ability to rationalize.

After determining risk appetite, enterprise risk management process immediately involves:

When U.S.dollars weaken relative to euros, it reflects that:

Using units shipped in the unit cost calculation for single-product value stream instead of units produced motivates managers to:

Which of the following is true of integrated reporting?

In lean manufacturing, _____ are the major enabling factors for producing on demand.

Which of the following is an external failure cost?

Which of the following is true of a joint venture?

A _________ is one that does not conform to quality specifications.

Which of the following is true of the fraud triangle?

When quality costs reach the optimal range of 2 to 4% of sales, control costs typically account for about _____ of total quality costs.

Which of the following is true of internal failure costs?

Enterprise risk management (ERM) uses a portfolio perspective to ensure:

The term business sustainability is synonymous with the term environmental sustainability.