TestBankforFundamentalsofCostAccounting3rdEditionbyLanen文档格式.docx
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Aresponsibilitycentercanbeadepartment,division,orsegment,butnotasubsidiaryoftheparentcompany.
7.
Itisimportantthatthemanagerassignedtoleadaresponsibilitycenterbeheldaccountableforitsoperations.
8.
Budgetingisprimarilyusedtodetermineyear-endbonusesbasedonmanagerialandorganizationalperformance.
9.
Managersareresponsibleforthecostsincurredtoachievethetargetssetduringthebudgetingprocess,butnottheresourcesconsumedtoachievethosetargets.
10.
Costinformationusedforonemanagerialdecisioncouldbeirrelevantforanothermanagerialdecision.
11.
Financialaccountinginformationisdesignedfordecision-makerswhoaredirectlyinvolvedinthedailymanagementofthefirm.
12.
Itismoreimportantforfinancialaccountinginformationtobecomparablebetweenfirmsthantobeusefulformanagerialdecision-making.
13.
Costaccountinginformationdevelopedformanagerstouseinmakingdecisionsmustcomplywithgenerallyacceptedaccountingprinciples（GAAP）.
14.
Costaccountinginformationcanbeusedbymanagerstodefraudcustomers,creditors,andowners.
15.
Benchmarkingisanon-goingprocessthatcomparesacompany'
sproductsorserviceswiththebestlevelsofperformancefromotherfirms.
16.
Activity-basedcosting（ABC）isamanagementtoolthatfocusesonthecontinuousimprovementofalldimensionsofabusiness.
17.
Customersatisfactionisanexampleofanon-financialperformancemeasure.
18.
Managersfaceethicalsituationsonadailybasis,whileaccountantsfacetheminfrequently.
19.
Apersonwhomakesunethicaldecisionsintheirpersonallifeislikelytomakeunethicaldecisionsintheirprofessionallife.
20.
Ethicalbehaviordependsmoreonafirm'
scodeofconductthantheindividual'
spersonalbeliefs.
MultipleChoiceQuestions
21.
Thesetofactivitiesthattransformsrawresourcesintothegoodsandservicesofanorganizationiscalled:
A.
Valuechain.
B.
Supplychain.
C.
Demandchain.
D.
Cost-benefitanalysis.
22.
Whichofthefollowingactivitieswouldnotbeconsideredavalue-addedactivity?
Production
Marketing
Accounting
Distribution
23.
Whichofthefollowingstatementsisfalse?
Inessence,thevaluechainandthesupplychainaresimilar;
eachcreatessomethingforwhichthecustomeriswillingtopay.
Accountingsystemsareimportantbecausetheyprovidealltheinformationfordecisionscommonlymadebymanagers.
Thesupplyordistributionchainisalinkedsetoforganizationsthatexchangegoodsandservicesincombinationtoprovideafinalproductorservicetothecustomer.
Eliminatingnonvalue-addedactivitiesalwaysreducescostswithoutaffectingthevalueoftheproducttocustomers.
24.
Managersdonotmakedecisionsaboutfutureeventsbasedon:
Perfectinformation.
Estimatedinformation.
Actualinformation.
Financialinformation.
E.
Costinformation.
25.
Whichofthefollowingisanonvalue-addedactivity?
Productdesign
Customerservice
Researchanddevelopment
Reworkofdefectiveitems
26.
Anaccountingsystemthatcollectsfinancialandoperatingdataonthebasisoftheunderlyingnatureandextentofcostdriversis（CMAadapted）
full-absorptioncosting.
activity-basedcosting.
variablecosting.
benchmarking.
27.
Costdriversare（CMAadapted）
activitiesthatcausecoststoincreaseastheactivityincreases.
accountingtechniquesandpracticesusedtocontrolcosts.
accountingreimbursementsusedtoevaluatewhetherperformanceisproceedingaccordingtoplan.
amechanicalbasis,suchasmachinehours,computertime,orfactorysquarefootage,usedtoassigncoststoactivities.
28.
TheJKLRestauranthadsalesrevenuesandfoodcostsin2009of$800,000and$600,000,respectively.In2010,JKLwillbeintroducinganewmenuitemthatwillgenerate$100,000insalesrevenuesand$40,000infoodcosts.Assumingnochangesareexpectedfortheotherfooditems,thedifferentialoperatingprofitfor2010is
$260,000.
$100,000.
$60,000.
$40,000.
29.
Theprocessofcreatingaformalplanandtranslatinggoalsintoaquantitativeformatis（CMAadapted）
budgeting.
cost-benefitanalysis.
value-addedanalysis.
30.
Thefieldofaccountingthatdependsongenerallyacceptedaccountingprinciples（GAAP）iscalled
costaccounting.
financialaccounting.
managerialaccounting.
responsibilityaccounting.
internationalaccounting.
31.
Whichfieldofaccountingemphasizesrelevancyovercomparability?
Costaccounting.
Financialaccounting.
Responsibilityaccounting.
Internationalaccounting.
32.
Thejust-in-time（JIT）methodsofproductionfocuseson
increasingsalesrevenue.
reducinginventories.
increasingcustomerservice.
reducingoperatingexpenses.
increasingproductquality.
33.
Theprimaryreasonforadoptingtotalqualitymanagement（TQM）istoachieve（CIAadapted）
reduceddeliverytime.
reduceddeliverycharges.
greatercustomersatisfaction.
greateremployeeparticipation.
bettermanagerialdecisions.
34.
AccordingtotheInstituteofManagementAccountants（IMA）,thefinalstepinresolvinganethicaldilemmaisto
resignfromtheorganization.
calltheIMA'
sethicshotline.
reportthecircumstancestoalocalnewspaper.
consultwithanobjective,independentadvisor.
discussthesituationwithanimmediatesupervisor.
35.
AccordingtotheInstituteofManagementAccountants（IMA）,thefirststepinresolvinganethicaldilemmaisto
36.
WhichofthefollowingisnotoneofthebasicstandardsoftheInstituteofManagementAccountants（IMA）CodeofEthics?
Competence
Confidentiality
Honesty
Integrity
Credibility
37.
WhichofthefollowingisnotoneoftheoverarchingethicalprinciplesoftheInstituteofManagementAccountants（IMA）CodeofEthics?
Responsibility
Objectivity
Fairness
38.
Thefinancialplanoftherevenuesandresourcesneededtocarryoutactivitiesandmeetfinancialgoalsiscalled
performancemeasure
benchmarking
budgeting
responsibilitycenter
leanaccounting
39.
Thecostaccountingsystemthatminimizeswastefulorunnecessarytransactionprocessesis
40.
Continualprocessofmeasuringacompany'
sownproducts,servicesoractivitiesagainstcompetitors'
performanceis
41.
Thecostingmethodthatfirstassignscoststoactivitiesandthenassignsthemtoproductsbasedontheproducts'
consumptionofactivitiesiscalled
responsibilitycenters
activity-basedcosting
outsourcing
42.
Havingoneormoreofthefirms'
activitiesperformedbyanotherfirmorindividualinthesupplyordistributionchainiscalled
43.
Thesystemthatidentifiesthecostsofproducinglow-qualityitemsiscalled
customerrelationshipmanagement
distributionchain
totalqualitymanagement
costofquality
enterpriseresourceplanning
44.
Thesystemthatallowsfirmstotargetprofitablecustomersbyassessingcustomerrevenueandcostsiscalled
45.
Informationtechnologythatlinksthevariousprocessesofthecompanyintoasinglecomprehensiveinformationsystemiscalled
46.
Amanagementmethodbywhichtheorganizationseekstoexcelonalldimensionsofqualityiscalled
47.
Whichofthefollowingisnotakeyfinancialmanagerinanorganization?
Chieffinancialofficer
Treasurer
Externalauditor
Controller
Costaccountant
48.
Whichofthefollowingisnotnormallyc
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