Question 1

Which of the following is not a principle of lean manufacturing?

Accepted Answer

A) Products are pushed from the production end to the customer. 
B) All activities that do not add value and maximize the use of scarce resources must be eliminated. 
C) A goal is the achievement of a high inventory turnover rate. 
D) A lean manufacturing firm must have established and cooperative relationships with vendors. 
A) Products are pushed from the production end to the customer. 
B) All activities that do not add value and maximize the use of scarce resources must be eliminated. 
C) A goal is the achievement of a high inventory turnover rate. 
D) A lean manufacturing firm must have established and cooperative relationships with vendors.

Question 2

Move tickets authorize the storekeeper to release materials to work centers.

Accepted Answer

A) True 
 B)False

Question 3

How are cost structures fundamentally different between the traditional and CIM environments?

Accepted Answer

In the traditional manufacturing environ

Question 4

The two subsystems of a traditional conversion cycle are the production system and the delivery system.

Accepted Answer

A) True 
 B)False

Question 5

Computer integrated manufacturing includes all of the following technologies except

Accepted Answer

A) robotics 
B) materials requirements planning 
C) automated storage and retrieval systems 
D) computer-aided design 
A) robotics 
B) materials requirements planning 
C) automated storage and retrieval systems 
D) computer-aided design

Question 6

Which of the following is not a problem associated with standard cost accounting?

Accepted Answer

A) Standard costing discourages management from producing large batches of products and build inventory. 
B) Applying standard costing leads to product cost distortions in a lean environment. 
C) Standard cost data are associated with excessive time lags that reduce its usefulness. 
D) The financial orientation of standard costing may promote bad decisions. 
A) Standard costing discourages management from producing large batches of products and build inventory. 
B) Applying standard costing leads to product cost distortions in a lean environment. 
C) Standard cost data are associated with excessive time lags that reduce its usefulness. 
D) The financial orientation of standard costing may promote bad decisions.

Question 7

Outline the characteristics of a world-class company.

Accepted Answer

1.World-class companies must maintain st

Question 8

A flexible manufacturing system

Accepted Answer

A) creates bottlenecks in the process 
B) leads to an "us" versus "them" attitude among workers 
C) shortens the physical distance between activities 
D) is organized along functional lines 
A) creates bottlenecks in the process 
B) leads to an "us" versus "them" attitude among workers 
C) shortens the physical distance between activities 
D) is organized along functional lines

Question 9

Discuss three common problems associated with inventories.

Accepted Answer

1.Inventories cost money.They are an inv

Question 10

An example of automation of manufacturing design is

Accepted Answer

A) computer-aided engineering 
B) automated storage and retrieval systems 
C) computer numerical control 
D) robotics 
A) computer-aided engineering 
B) automated storage and retrieval systems 
C) computer numerical control 
D) robotics

Question 11

In activity-based costing,distinguish between activities and cost objects.

Accepted Answer

Activities describe the work p

Question 12

Name five documents associated with batch production systems.

Accepted Answer

Sales forecast,production sche

Question 13

The bill of materials specifies the types and quantities of the raw materials and subassemblies used in producing a single unit of finished product.

Accepted Answer

A) True 
 B)False

Question 14

An excess materials requisition is a control that signals that a greater than standard quantity of materials is being ordered from the vendor.

Accepted Answer

A) True 
 B)False

Question 15

Transaction authorization occurs in a traditional manufacturing environment in all of the following ways except

Accepted Answer

A) production planning and control initiates production with a work order 
B) movement of the work through the production process follows the move ticket 
C) the sales department modifies work orders to match changes in demand 
D) the materials requisition authorizes the storekeeper to release materials to the work centers 
A) production planning and control initiates production with a work order 
B) movement of the work through the production process follows the move ticket 
C) the sales department modifies work orders to match changes in demand 
D) the materials requisition authorizes the storekeeper to release materials to the work centers

Question 16

An example of automation of manufacturing planning is

Accepted Answer

A) computer-aided engineering 
B) automated storage and retrieval systems 
C) materials requirements planning 
D) computer numerical control 
A) computer-aided engineering 
B) automated storage and retrieval systems 
C) materials requirements planning 
D) computer numerical control

Question 17

Pull processing involves pulling products from the consumer end (demand),rather than pushing them from the production end (supply).

Accepted Answer

A) True 
 B)False

Question 18

Computer-integrated manufacturing (CIM)focuses on reducing the complexity of the physical manufacturing layout of the shop floor.

Accepted Answer

A) True 
 B)False

Question 19

Manufacturing resources planning (MRP II)has evolved into enterprise resource planning (ERP).

Accepted Answer

A) True 
 B)False

Question 20

Explain how CAM can contribute to a firm's move toward world-class status.

Accepted Answer

Computer-aided manufacturing (CAM)is the

Which of the following is not a principle of lean manufacturing?

Move tickets authorize the storekeeper to release materials to work centers.

How are cost structures fundamentally different between the traditional and CIM environments?

The two subsystems of a traditional conversion cycle are the production system and the delivery system.

Computer integrated manufacturing includes all of the following technologies except

Which of the following is not a problem associated with standard cost accounting?

Outline the characteristics of a world-class company.

A flexible manufacturing system

Discuss three common problems associated with inventories.

An example of automation of manufacturing design is

In activity-based costing,distinguish between activities and cost objects.

Name five documents associated with batch production systems.

The bill of materials specifies the types and quantities of the raw materials and subassemblies used in producing a single unit of finished product.

An excess materials requisition is a control that signals that a greater than standard quantity of materials is being ordered from the vendor.

Transaction authorization occurs in a traditional manufacturing environment in all of the following ways except

An example of automation of manufacturing planning is

Pull processing involves pulling products from the consumer end (demand),rather than pushing them from the production end (supply).

Computer-integrated manufacturing (CIM)focuses on reducing the complexity of the physical manufacturing layout of the shop floor.

Manufacturing resources planning (MRP II)has evolved into enterprise resource planning (ERP).

Explain how CAM can contribute to a firm's move toward world-class status.

The Information System: an Accountants Perspective

Introduction to Transaction Processing

Ethics,fraud,and Internal Control

The Revenue Cycle

The Expenditure Cycle Part I: Purchases and Cash Disbursements Procedures

The Expenditure Cycle Part II: Payroll Processing and Fixed Asset Procedures

Financial Reporting,and Management Reporting Systems

Database Management Systems

The Rea Approach to Business Process Modeling

Enterprise Resource Planning Systems

Electronic Commerce Systems

Managing the Systems Development Life Cycle

Auditing It Controls Part I: Sarbanes-Oxley and It Governance

Auditing It Controls Part II: Security and Access

Auditing It Controls Part III: Systems Development, program Changes, and Application Auditing

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Exam 7: The Conversion Cycle

Which of the following is not a principle of lean manufacturing?

Move tickets authorize the storekeeper to release materials to work centers.

How are cost structures fundamentally different between the traditional and CIM environments?

The two subsystems of a traditional conversion cycle are the production system and the delivery system.

Computer integrated manufacturing includes all of the following technologies except

Which of the following is not a problem associated with standard cost accounting?

Outline the characteristics of a world-class company.

A flexible manufacturing system

Discuss three common problems associated with inventories.

An example of automation of manufacturing design is

In activity-based costing,distinguish between activities and cost objects.

Name five documents associated with batch production systems.

The bill of materials specifies the types and quantities of the raw materials and subassemblies used in producing a single unit of finished product.

An excess materials requisition is a control that signals that a greater than standard quantity of materials is being ordered from the vendor.

Transaction authorization occurs in a traditional manufacturing environment in all of the following ways except

An example of automation of manufacturing planning is

Pull processing involves pulling products from the consumer end (demand),rather than pushing them from the production end (supply).

Computer-integrated manufacturing (CIM)focuses on reducing the complexity of the physical manufacturing layout of the shop floor.

Manufacturing resources planning (MRP II)has evolved into enterprise resource planning (ERP).

Explain how CAM can contribute to a firm's move toward world-class status.

The Information System: an Accountants Perspective

Introduction to Transaction Processing

Ethics,fraud,and Internal Control

The Revenue Cycle

The Expenditure Cycle Part I: Purchases and Cash Disbursements Procedures

The Expenditure Cycle Part II: Payroll Processing and Fixed Asset Procedures

Financial Reporting,and Management Reporting Systems

Database Management Systems

The Rea Approach to Business Process Modeling

Enterprise Resource Planning Systems

Electronic Commerce Systems

Managing the Systems Development Life Cycle

Auditing It Controls Part I: Sarbanes-Oxley and It Governance

Auditing It Controls Part II: Security and Access

Auditing It Controls Part III: Systems Development, program Changes, and Application Auditing

Filters