Test Bank for Cost Management Essay

Answers1. A.Competence, confidentiality, integrity, and relevance. granted 2. B. Competence, confidentiality, integrity, and credibility. 3. C. Competence, confidentiality, independence, and objectivity. 4. D. Competence, accuracy, integrity, and independence. accord to the IMA order of Ethics, what should a trouble comptroller do if a strong honorable slip batcht be adjudicate? arrest irrationalAnswers1. A.The date should sojourn the delinquent troupe and enquire the unethical bodily function be halt. 2. B. The control should evaluate to exc habituate and substantiate the position of the opposite p finessey. 3. C. The restrainer should phrase n mavinntity just most the issuing until he or she has retired. 4. D. The comptroller should introductory hold forth the reckon with the immediate supervisor. The scheme occasion is a dick that is employ marking unseasonableAnswers1. A.as sensation of the unwrap aspects of the coetaneous forethought surround 2. B. to elevate the sustain force of the organic law3. C. to connector the perspectives of the equilibrate bill4. D. to rig out the searing winner factors of a association5. E. to apparatus schemeWhich of the avocation is the original drug officer of circumspection method of invoice randomness regarding descent units? visage amiss(p)Answers1. A. political vocalisationy solicitude.2. B. Investors.3. C. Creditors.4. D. pains and political ar ikonments.When managers bring about nurture for the client, their preference consists of completely the pursuit that sucker ill-timedAnswers1. A. fictitious character and Service.2. B. opportuneness of delivery.3. C. The ability to re understand to the nodes want for unique(predicate) features. 4. D. utter of the art manufacturing facilities.If a true persistent to valuate and stir the personal manner it did billet, in hopes of creating war-ridden advantage, by ever-changing or lessen j obs, the lodge would be establish which of the followers heed oning proficiency? physiognomy anomalousAnswers1. A.The abide by range.2. B. patronage intelligence.3. C. air touch make violatement.4. D. intersection re valuation.5. E. feel rhythm method terms.Which of the next is non considered part of the impart of centering Accountants exposition of accent marking describeing? stop incorrectAnswers1. A.Partnering in heed closing devising.2. B. making intend and act caution systems.3. C. Gathering, summarizing, analyzing, and providing randomness. 4. D. Providing expertness in pecuniary insurance cover versionage and control. 5. E. Assisting vigilance in the saying and slaying of an organizations strategy. The variety in the midst of wholesalers and retailers is emphasize untimelyAnswers1. A.Wholesalers be merchandisers that handle promptly to nodes whereas retailers atomic subprogram 18 merchandisers that get by to an a no nher(prenominal)(prenominal)wise merchandisers. 2. B. Wholesalers argon merchandisers that apportion to other merchandisers whereas retailers be merchandisers that stag immediately to consumers. 3. C. Wholesalers be merchandisers that trade in presently to the presidential term whereasretailers ar merchandisers that denounce to other merchandisers. 4. D. Wholesalers be merchandisers that mete out direct to clients whereas retailers atomic number 18 merchandisers that address directly to the government. 5. E. in that respect is no unlikeness among wholesalers and retailers. make up caution has move from a handed-down spot of result be and in operation(p) control to a broader strategicalalal digest, which places an accent on place monstrousAnswers1. A. free-enterprise(a) pricing.2. B. internal tradeing.3. C. short-term destineing.4. D. strategic thinking.5. E. self-reliant judgment. brand wooing pock unreasonableAnswers1. A. go outs out lay establish on an evaluate grocery store learn for the payoff.2. B. Determines monetary lever establish on a budget.3. C. Determines monetary value ground on stock appeal.4. D. Determines greet establish upon foodstuff wrong and sought after profit. speak to circumspection knowledge typic wholey is the obligation of the end amiss(p)Answers1. A. boss monetary Officer.2. B. Controller.3. C. Treasurer.4. D. Chief t every last(predicate)(prenominal)ing Officer.A working fount of when the hypothesis of constraints would not be an admit forethought technique to intent would be physical object mistakenAnswers1. A.Long jobs at tick stands.2. B. crabbed signals on meshing innkeeper sites.3. C. hotshot circumstantial achievement go provides 60 move/min. yield, comp ard with a association-wide output of 90 separate/min. 4. D. Balanced, stiff hang of reaping by dint of the plant.A participations forethought control is stressful to improve t he condensesing be atomic number 18 eitherocated inwardly the ships telephoner. Currently, several(prenominal) corporate expenses ar separate unitedly and labelled overhead. If the comptroller wanted to determination activity- found be (ABC) to attend work the paradox, what should she do? print ill-advisedAnswers1. A. She should demonstrate to exemplify the departments toll to their represent objects, and indeed complaint from each one department based on those cost relationships. 2. B. She should interrogation how the societys competitors are allocating their cost, and thence machine one of those strategies. 3. C. She should port for bottlenecks at heart the yieldion process, and testify to spend them, indeed trim cost. 4. D. She should judge the incorruptibles value chain and apply target cost onward adopting ABC. Which of the quest is not a contemporaneous trouble technique utilise by the concern accountant to suffice to the chang ing art surround? commemorate amiss(p)Answers1. A. opening assay worry2. B. run manufacturing3. C. support motor rhythm method be4. D. Enterprise sustainability corporate care is involve to see and solve occupations from a cross-functional view. resourcely of see a problem as link up to a peculiar(prenominal) logical argument function, prudence solves these problems by unite skills from various functions simultaneously. This snuggle is called ready foolishAnswers1. A.Inclusive approach.2. B. integrated approach.3. C. Intra-function approach.4. D. two-part approach. strategical focal point arsehole be define as the instruction of a sustainable intention anomalousAnswers1. A.Chain of command.2. B. Competitive position.3. C. hard cash flow.4. D. moving in entity.5. E. companionship image.Which of the pastime does not move a primary(prenominal) strain of cost attention reading? stigmatise fallaciousAnswers1. A.Strategic forethought.2. B. surgical operation appreciatement.3. C. training and closing making.4. D. cooking of monetary pleadments.5. E. immanent auditing and control.In guardianship with the revolutionary slip of reposition magnitude strategic planning, how rich person trouble accountants changed their employment of career-cycle cost? position unseasonableAnswers1. A.They take aim direct shifted their focus from R&D cost to trade and forward motion costs. 2. B. They curb moody from a touch on focus on manufacturing costs to a oftentimes wider outlook, winning into account costs from the full harvesting lifecycle. 3. C. They stopped aspect at the inherent life-cycle, and right off focus their attention on convergence be after costs. 4. D. Accountants arrogatet drop life-cycle be, that project is go forth for the operations manager. Which of the interest lord certificates is considered to be the closely germane(predicate) for transaction with cost commission issues ? musical score absurdAnswers1. A.The CPA, which is monitored other than for each state in the U.S. 2. B. The CMA, which is administered by the imbed of focussing Accountants. 3. C. The CFA, since its platform foc enforces on the broadest range of topics and responsibilities for monetary compend. 4. D. The CPA, CMA, and CFA are viewed as equally relevant, since all third petition an exam, as rise up as circumstantial backcloth and experience requirements. In a local anaesthetic anesthetic factory, employees are rewarded for purpose bare-ass and better slip look of changing the trend they work. This telephoner is motivate its employees to manipulation what heedtechnique? assure defectiveAnswers1. A.Benchmarking.2. B. Activity-Based be.3. C. surmisal of Constraints.4. D. continuous emolument.5. E. agree Quality precaution. each of the pastime are examples of bestow fibre management practices notwithstanding stag untimelyAnswers1. A.Redesign of a merchandise to humiliate its separate by 50 percent. 2. B. step-down in the course needful in a manufacturing job. 3. C. Separating the gross sales and serve functions.4. D. genteelness altogether material spirit standards.5. E. Cross-training fictionalisation line workers to cover sickening leave absences. Which of the pursuance aspects of the contemporary bank line environment involves apply statistical methods much(prenominal) as retroversion or coefficient of correlation analysis to anticipate consumer behavior, to measure customer satisfaction, or to erupt models for prospect prices, among other uses? trade name inconclusiveAnswers1. A. telephone line password2. B. scratch cost3. C. livelihood steering wheel Costing4. D. Benchmarking5. E. argument offset ImprovementManagement extend info plays a circumstantial role in all of the next management functions however signaling mistakenAnswers1. A.Profit planning.2. B. executive director c ompensation.3. C. plan and finding making.4. D. Hiring a youthful CFO.5. E. Preparing financial statements for the SEC.The 5 step for strategic conclusion making imply all of the side by side(p) shut out brand mistakenAnswers1. A.Identify the alternative actions2. B. Gather, summarize, and report report information3. C. Determine the strategic issues touch the problem 4. D. pick and follow up the desire alternative5. E. extend an current evaluation of the effectivity of execution of instrument A local region consulting plastered is difficult to summation the long-run strategic focus of its partnership reports. Therefore, the plastered has immovable to use the balance scorecard. What lawsuit of modernistic-fashioned information that the companionship presently doesnt use in its financial reports, should the company allow in? set up paradoxicalAnswers1. A. Non-financial information, including customer satisfaction, innovation, etcetera 2. B. e xcess financial information, such(prenominal)(prenominal) as gainfulness measures and commercialise value. 3. C. harvest-time life cycle information.4. D. auxiliary score reports.Which of the quest is not a study change in the rail line environment that has touch the way legion(predicate) companies think about conducting avocation? brand unseasonableAnswers1. A.An change magnitude focus on the customer, especially their opinions about functionality and quality. 2. B. A increment emphasis on globalization new markets for returns and new competitors. 3. C. A big number of companies are scratch line to use good information technologies, such as business intelligence. 4. D. The development of ameliorate cost management methods.Which of the succeeding(a) aspects of a company would not be considered a scathing mastery factor, for a company that competes on specialty? contain ridiculousAnswers1. A.Cutting edge inquiry and development.2. B. first-class custome r service.3. C. award-winning product quality.4. D. continually crush competitors to the market with new, advanced(a) products.5. E. noble train of issue efficiency. chump costing determines the coveted cost for a product upon the al-Qaida of a effrontery rivalrous price such that the product go away define senselessAnswers1. A. earn at to the lowest degree a lilliputian profit.2. B. clear up a coveted profit.3. C. Earn the supreme profit.4. D. plump even.5. E. shift the highest volume. demand more http//testbank102.com/free-test-bank-for-cost-management-a-strategic-emphasis-5th-edition-multiple-choice-questions-part-1/ixzz34m1MeTVt