Question 1

What are the results of the successful implementation of a JIT operating environment?

Accepted Answer

Successful implementation of a

Question 2

Primary processes

Accepted Answer

A)  apply only to a just-in-time environment. 
B)  include information systems and human resources. 
C)  add value to a product or service. 
D)  limit bottlenecks during production. 
A)  apply only to a just-in-time environment. 
B)  include information systems and human resources. 
C)  add value to a product or service. 
D)  limit bottlenecks during production.

Question 3

Comparing actual performance with expected performance levels is an evaluation activity.

Accepted Answer

A) True 
 B)False

Question 4

Services that support the primary processes in the value chain are

Accepted Answer

A)  human resources, legal services, information systems, and management accounting. 
B)  research and development, design, supply, production, marketing, distribution, and customer service. 
C)  research and development, marketing, supply, design, production, distribution, and information systems. 
D)  marketing, legal, and accounting services. 
A)  human resources, legal services, information systems, and management accounting. 
B)  research and development, design, supply, production, marketing, distribution, and customer service. 
C)  research and development, marketing, supply, design, production, distribution, and information systems. 
D)  marketing, legal, and accounting services.

Question 5

JIT, TQM, ABM, and TOC all make a contribution to continuous improvement and are applicable in service businesses as well as in manufacturing and retail businesses.

Accepted Answer

A) True 
 B)False

Question 6

Management accounting accumulates, maintains, and processes an organization's financial and nonfinancial information.

Accepted Answer

A) True 
 B)False

Question 7

Management accounting information is more subjective than financial accounting information.

Accepted Answer

A) True 
 B)False

Question 8

Management accountants who alter reports to meet targeted levels of performance are not acting unethically, because their job is to provide information that will aid in communicating the goals of the business.

Accepted Answer

A) True 
 B)False

Question 9

The four stages of the management process are plan, perform, evaluate, and communicate.

Accepted Answer

A) True 
 B)False

Question 10

Support services, such as legal services, are critical to making an efficient and effective value chain.

Accepted Answer

A) True 
 B)False

What are the results of the successful implementation of a JIT operating environment?

Primary processes

Comparing actual performance with expected performance levels is an evaluation activity.

Services that support the primary processes in the value chain are

JIT, TQM, ABM, and TOC all make a contribution to continuous improvement and are applicable in service businesses as well as in manufacturing and retail businesses.

Management accounting accumulates, maintains, and processes an organization's financial and nonfinancial information.

Management accounting information is more subjective than financial accounting information.

Management accountants who alter reports to meet targeted levels of performance are not acting unethically, because their job is to provide information that will aid in communicating the goals of the business.

The four stages of the management process are plan, perform, evaluate, and communicate.

Support services, such as legal services, are critical to making an efficient and effective value chain.

Costing Systems- Job Order Costing

Costing Systems- Process Costing

Value-Based Systems- Abm and Lean

Cost Behavior Analysis

The Budgeting Process

Performance Management and Evaluation

Standard Costing and Variance Analysis

Short Run Decision Analysis

Capital Investment Analysis

Pricing Decisions, Incl Target Costing and Transfer Pricing

Quality Management and Measurement

Financial Analysis of Performance

Filters

Exam 1: The Changing Business Environment - a Managers Perspective

What are the results of the successful implementation of a JIT operating environment?

Primary processes

Comparing actual performance with expected performance levels is an evaluation activity.

Services that support the primary processes in the value chain are

JIT, TQM, ABM, and TOC all make a contribution to continuous improvement and are applicable in service businesses as well as in manufacturing and retail businesses.

Management accounting accumulates, maintains, and processes an organization's financial and nonfinancial information.

Management accounting information is more subjective than financial accounting information.

Management accountants who alter reports to meet targeted levels of performance are not acting unethically, because their job is to provide information that will aid in communicating the goals of the business.

The four stages of the management process are plan, perform, evaluate, and communicate.

Support services, such as legal services, are critical to making an efficient and effective value chain.

Costing Systems- Job Order Costing

Costing Systems- Process Costing

Value-Based Systems- Abm and Lean

Cost Behavior Analysis

The Budgeting Process

Performance Management and Evaluation

Standard Costing and Variance Analysis

Short Run Decision Analysis

Capital Investment Analysis

Pricing Decisions, Incl Target Costing and Transfer Pricing

Quality Management and Measurement

Financial Analysis of Performance

Filters