Question 1

Which of the following activities is NOT significant to the advancement of information technology?

Accepted Answer

A)  enterprise resource planning software 
B)  emergence of electronic commerce 
C)  theory of constraints 
D)  decision support systems 
A)  enterprise resource planning software 
B)  emergence of electronic commerce 
C)  theory of constraints 
D)  decision support systems

Question 2

The IMA has a program to recognize professional competence and educational attainment in the field of management accounting. The program leads to designation as a

Accepted Answer

A)  Certified Management Accountant. 
B)  controller. 
C)  Chartered Accountant. 
D)  treasurer. 
A)  Certified Management Accountant. 
B)  controller. 
C)  Chartered Accountant. 
D)  treasurer.

Question 3

Any form of commerce that is executed using information and communications technology is called:

Accepted Answer

A)  ERP 
B)  OLAP 
C)  electronic commerce 
D)  DSS 
A)  ERP 
B)  OLAP 
C)  electronic commerce 
D)  DSS

Question 4

In an accounting information system, which of the following is NOT a transformational process?

Accepted Answer

A)  collecting data 
B)  analyzing data 
C)  performance reporting 
D)  summarizing data 
A)  collecting data 
B)  analyzing data 
C)  performance reporting 
D)  summarizing data

Question 5

The setting of objectives and the identification of methods to achieve those objectives is called

Accepted Answer

A)  planning. 
B)  controlling. 
C)  performance evaluation. 
D)  decision making. 
A)  planning. 
B)  controlling. 
C)  performance evaluation. 
D)  decision making.

Question 6

What is the role of the controller in an organization? Describe some of the activities over which he or she has control.

Accepted Answer

The controller is responsible for both i

Question 7

The planning process includes

Accepted Answer

A)  setting objectives. 
B)  identifying means of achieving the objectives. 
C)  making decisions. 
D)  all of these. 
A)  setting objectives. 
B)  identifying means of achieving the objectives. 
C)  making decisions. 
D)  all of these.

Question 8

Which of the following is NOT part of the financial accounting information system?

Accepted Answer

A)  filing reports with the SEC 
B)  reporting a large contingent liability to current and potential shareholders 
C)  determining the future cash flows of a proposed flexible manufacturing system 
D)  preparing GAAP financial statements 
A)  filing reports with the SEC 
B)  reporting a large contingent liability to current and potential shareholders 
C)  determining the future cash flows of a proposed flexible manufacturing system 
D)  preparing GAAP financial statements

Question 9

Setting the selling price of a company's product is an example of

Accepted Answer

A)  planning. 
B)  control. 
C)  decision making. 
D)  all of these. 
A)  planning. 
B)  control. 
C)  decision making. 
D)  all of these.

Question 10

Factors that have led to a global market for manufacturing and service firms are

Accepted Answer

A)  improved transportation and communications systems. 
B)  improved telemarketing and communications. 
C)  improved telemarketing and transportation systems. 
D)  None of these factors have contributed. 
A)  improved transportation and communications systems. 
B)  improved telemarketing and communications. 
C)  improved telemarketing and transportation systems. 
D)  None of these factors have contributed.

Question 11

Setting the company's profit targets for the upcoming year is an example of the management function of

Accepted Answer

A)  planning. 
B)  control. 
C)  variance analysis. 
D)  internal auditing. 
A)  planning. 
B)  control. 
C)  variance analysis. 
D)  internal auditing.

Question 12

Briefly discuss the relationship between cost accounting, management accounting, and cost management.

Accepted Answer

Management accounting is concerned with

Question 13

The two major subsystems of the accounting information system are the financial accounting information system and the cost management accounting information system.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following would be considered a line function?

Accepted Answer

A)  production 
B)  maintenance 
C)  public relations 
D)  administrative services 
A)  production 
B)  maintenance 
C)  public relations 
D)  administrative services

Question 15

The cost management information system has two major subsystems: the cost accounting information system and the operational control information system.

Accepted Answer

A) True 
 B)False

Question 16

The Certified Internal Auditor must pass a comprehensive examination designed to ensure technical competence and have two years' work experience.

Accepted Answer

A) True 
 B)False

Question 17

Manufacturing environment automation is associated with increases in

Accepted Answer

A)  inventory. 
B)  productive capacity. 
C)  processing time. 
D)  none of these. 
A)  inventory. 
B)  productive capacity. 
C)  processing time. 
D)  none of these.

Question 18

Evaluating the performance of a segment of the company is an example of planning.

Accepted Answer

A) True 
 B)False

Question 19

Competitive advantage is established by providing

Accepted Answer

A)  more customer products than competitors. 
B)  better quality than competitors. 
C)  greater customer value for less cost than competitors. 
D)  greater efficiencies than competitors. 
A)  more customer products than competitors. 
B)  better quality than competitors. 
C)  greater customer value for less cost than competitors. 
D)  greater efficiencies than competitors.

Question 20

Which of the following is a staff position?

Accepted Answer

A)  vice president of production 
B)  vice president of finance 
C)  vice president of marketing 
D)  plant foreman 
A)  vice president of production 
B)  vice president of finance 
C)  vice president of marketing 
D)  plant foreman

Which of the following activities is NOT significant to the advancement of information technology?

The IMA has a program to recognize professional competence and educational attainment in the field of management accounting. The program leads to designation as a

Any form of commerce that is executed using information and communications technology is called:

In an accounting information system, which of the following is NOT a transformational process?

The setting of objectives and the identification of methods to achieve those objectives is called

What is the role of the controller in an organization? Describe some of the activities over which he or she has control.

The planning process includes

Which of the following is NOT part of the financial accounting information system?

Setting the selling price of a company's product is an example of

Factors that have led to a global market for manufacturing and service firms are

Setting the company's profit targets for the upcoming year is an example of the management function of

Briefly discuss the relationship between cost accounting, management accounting, and cost management.

The two major subsystems of the accounting information system are the financial accounting information system and the cost management accounting information system.

Which of the following would be considered a line function?

The cost management information system has two major subsystems: the cost accounting information system and the operational control information system.

The Certified Internal Auditor must pass a comprehensive examination designed to ensure technical competence and have two years' work experience.

Manufacturing environment automation is associated with increases in

Evaluating the performance of a segment of the company is an example of planning.

Competitive advantage is established by providing

Which of the following is a staff position?

Basic Cost Management Concepts

Cost Behavior

Activity-Based Costing

Product and Service Costing: Job-Order System

Process Costing

Allocating Costs of Support Departments and Joint Products

Budgeting for Planning and Control Key

Standard Costing: a Functional-Based Control Approach

Decentralization: Responsibility Accounting, Performance Evaluation, and Transfer Pricing

Strategic Cost Management

Activity-Based Management

The Balanced Scorecard: Strategic-Based Control

Quality and Environmental Cost Management

Lean Accounting and Productivity Measurement

Cost-Volume-Profit Analysis

Activity Resource Usage Model and Tactical Decision Making

Pricing and Profitability Analysis

Capital Investment

Inventory Management: Economic Order Quantity, Jit, and the Theory of Constraints

Filters

Exam 1: Introduction to Cost Management

Which of the following activities is NOT significant to the advancement of information technology?

The IMA has a program to recognize professional competence and educational attainment in the field of management accounting. The program leads to designation as a

Any form of commerce that is executed using information and communications technology is called:

In an accounting information system, which of the following is NOT a transformational process?

The setting of objectives and the identification of methods to achieve those objectives is called

What is the role of the controller in an organization? Describe some of the activities over which he or she has control.

The planning process includes

Which of the following is NOT part of the financial accounting information system?

Setting the selling price of a company's product is an example of

Factors that have led to a global market for manufacturing and service firms are

Setting the company's profit targets for the upcoming year is an example of the management function of

Briefly discuss the relationship between cost accounting, management accounting, and cost management.

The two major subsystems of the accounting information system are the financial accounting information system and the cost management accounting information system.

Which of the following would be considered a line function?

The cost management information system has two major subsystems: the cost accounting information system and the operational control information system.

The Certified Internal Auditor must pass a comprehensive examination designed to ensure technical competence and have two years' work experience.

Manufacturing environment automation is associated with increases in

Evaluating the performance of a segment of the company is an example of planning.

Competitive advantage is established by providing

Which of the following is a staff position?

Basic Cost Management Concepts

Cost Behavior

Activity-Based Costing

Product and Service Costing: Job-Order System

Process Costing

Allocating Costs of Support Departments and Joint Products

Budgeting for Planning and Control Key

Standard Costing: a Functional-Based Control Approach

Decentralization: Responsibility Accounting, Performance Evaluation, and Transfer Pricing

Strategic Cost Management

Activity-Based Management

The Balanced Scorecard: Strategic-Based Control

Quality and Environmental Cost Management

Lean Accounting and Productivity Measurement

Cost-Volume-Profit Analysis

Activity Resource Usage Model and Tactical Decision Making

Pricing and Profitability Analysis

Capital Investment

Inventory Management: Economic Order Quantity, Jit, and the Theory of Constraints

Filters