Chapter 1 – The Changing Role of Managerial Accounting in a Dynamic Business Environment
47. Which of the following employees at Clear Flights would not be considered as holding a
line position?
48. Which of the following employees would be considered as holding a line position?
49. Which of the following employees at Fresh Brew Co. would likely be considered as
holding a staff position?
50. The chief managerial and financial accountant of an organization is the:
51. A company’s leading executive is:
52. Managers directly involved in the provision of goods and services are ____________.
53. Which of the following typically does not relate to the role of a controller?
54. A controller is normally involved with:
55. Which of the following is not a function of the treasurer?
56. Managerial accountants:
57. All of the following are common reasons for forming cross-functional teams except:
58. In order for a company to achieve a sustainable competitive advantage, it must:
59. Which of the following would not be part of a value chain for a fast food restaurant?
60. A restaurant’s value chain includes:
61. Which of the following choices correctly depicts activities that would be included in a
manufacturer’s value chain?
Research and Development
Marketing
Distribution
62. Strategic cost management is:
63. Which of the preceding activities would likely not be considered part of Forte Clothing
Company’s value chain?
64. In order for a company to achieve a sustainable competitive advantage, it must perform
value chain activities:
65. The process of managing the various activities in the value chain, along with the
associated costs, is commonly known as:
66. Cost management systems tend to focus on an organization’s:
67. The upper limit on the production of goods and services if everything works perfectly is
known as:
68. The capacity concept that allows for normal occurrences such as machine downtime and
employee fatigue is known as:
69. The cost of resources supplied but unused is known as:
70. Given the following information, what is the total cost of unused capacity? Cost of
material supplied is $3,200; Cost of material used is $3,000; Cost of material used per cake is
$3; Cost of material supplied per cake is $3.20.
A. $0.20.
71. Given the following information, what is the cost of unused capacity? Cost of material
supplied is $8,600; Cost of material used is $8,000; Cost of material used per shelf is $8; Cost
of material supplied per shelf is $8.60.
72. The value chain of a manufacturer would tend to include activities related to:
73. The primary design of the CPA designation is to:
74. The largest professional association for management accountants in the U.S. is:
75. Chaos in corporate governance and accounting after the Enron scandal spawned
Congressional legislation that resulted in the creation of:
76. Which of the following can be linked to a wave of corporate scandals that took place not
77. Which of the following acts strives to improve corporate governance and the quality of
corporate accounting/reporting?
A. Robinson-Patman.