Exam 1: Introduction to Cost Management

The certification sponsored by the Institute of Management Accountants that emphasizes economics, finance, management, financial accounting and reporting, management reporting, and decision analysis is the

_______________ is devoted to providing information for external users.

Which of the following positions would most likely be a line manager?

How has the nature of accounting systems shifted in response to technology?

For each certification, all an applicant has to do is meet specific educational and experience requirements.

The service sector of the U. S. economy has decreased in importance as traditional industries have declined in importance.

Which of the following cost management tools supports the firm's concentration on the delivery of value to the customer?

Performance reports are accounting reports that compare

Which of the following activities is NOT associated with new product development?

Companies with a strong __________ can benefit from strong customer and employee loyalty.

Accounting activities within an organization are usually under the overall supervision of the

Why has time become such an important factor in competition?

Which of the following activities is NOT associated with the financial accounting information system?

Discuss the advances of information technology and how these advances might affect the university education supply chain?

Which of the following describes the managerial activity of comparing actual results with budgeted results?

What is the difference between a staff position and a line position?

In a company, engineers have redesigned production processes lowering production costs, shortening production cycle time, reducing waste and improving quality. Which type of managerial activity applies to this situation?