Archives: Quiz
Accounting Chapter 22 The Advantage Balanced Scorecard Approach That Can
Chapter 22 – Strategic management accounting MULTIPLE CHOICE 1. An example of a lag measure is a. hours of employee training. b. customer profitability. c. employee capabilities. d. none of the above. 2. The five key core objectives of the […]
Management Chapter 4 It is not feasible for companies to produce
D) Digital Millennium Copyright Act 59. In general, it is very difficult to hold software producers liable for their software products when those products are considered to be A) services. B) part of a machine. C) artistic expressions. D) similar […]
Accounting Chapter 21 How does activity analysis help reduce costs
2. What is kaizen costing? How does activity analysis help reduce costs? 3. For each following activity, determine the amount of value-added and nonvalue-added costs. a. The company keeps 7 days of materials inventory on hand to avoid shutdowns due […]
Management Chapter 4 Which The Following Best Describes How
Exam Name___________________________________ 1. Even in today’s legal climate, there is little incentive for firms to cooperate with prosecutors investigating financial crimes at their firm. 2. Advances in data storage have made routine violation of individual privacy more difficult. Answer: True […]
Accounting Chapter 21 Kanban Specifies a How Much Should Produced Replace
Chapter 21 – Cost Management MULTIPLE CHOICE 1. The major source of information for the activity cost management system is a. cost driver analysis. b. an activity- based costing system. c. a performance measurement system. d. product information. 2. Which […]
Management Chapter 3 Computer Does Not Have Core Competency There
59. The most successful solutions or methods for achieving a business objective are called A) core competencies. B) best processes. C) best practices. D) value activities. Answer: C Explanation: A) B) C) D) Comment: Diff: 1 Type: MC Var: 1 […]
Accounting Chapter 20 A transfer pricing system should satisfy which
Chapter 20 – Transfer pricing in divisionalized companies MULTIPLE CHOICE 1. Transfer pricing is used when: a. multiple cost centres are conducting business within the company. b. a decentralized company has profit centres or investment centres. c. the return on […]
Management Chapter 3 According Agency Theory The Firm Viewed Ana
Exam Name___________________________________ 1. All organizations have bedrock, unassailable assumptions that define their goals and products. 2. An adhocracy is a knowledge–based organization where goods and services depend on the expertise and knowledge of professionals. Answer: True False Explanation: Comment: Diff: […]
Accounting Chapter 19 Types of responsibility centres include
Chapter 19 – Divisional financial performance measures MULTIPLE CHOICE 1. Types of responsibility centres include all of the following EXCEPT a. profit centres. b. contribution centres. c. investment centres. d. cost centres. 2. The Marketing Department is most likely considered […]
Management Chapter 2 Which of the following types of collaboration tools
58. Which of the following occupations would not be categorized as an “interaction” job? A) sales representative B) operations manager C) business manager D) engineer Answer: D Explanation: A) B) C) D) Comment: Diff: 2 Type: MC Var: 1 Page […]
Accounting Chapter 18 Variable inspection costs consist of materials
Chapter 18 – Standard costing and variance analysis 2: Further aspects MULTIPLE CHOICE Figure 18-1 Froelech Company has developed capacity standards. Information is as follows: Standard cost of the activity capacity acquired £150,000 Standard cost of the activity capacity used […]
Management Chapter 2 Enrolling employees in benefits plans is a business
Exam Name___________________________________ 1. Enrolling employees in benefits plans is a business process handled by the finance and accounting function. 2. Operational management is responsible for directing the day–to–day operations of the business and therefore needs transaction–level information. Answer: True False […]
Accounting Chapter 17 Orient’s materials price variance would be
54. Fixed overhead was budgeted at £500,000 and 25,000 direct labour hours were budgeted. If the fixed overhead volume variance was £12,000 favourable and the fixed overhead spending variance was £16,000 unfavourable, fixed overhead applied must be a. £516,000. b. […]
Management Chapter 1 movie ticket sales from individual theaters would
55. An example of a social complementary asset is A) training programs. B) technology and service firms in adjacent markets. C) distributed decision–making rights. D) all of the above. Answer: B Explanation: A) B) C) D) Comment: Diff: 2 Type: […]
Accounting Chapter 17 April The Actual Quantity Materials Used Must
Chapter 17 – Standard costing and variance analysis 1 MULTIPLE CHOICE 1. To determine the unit standard cost for a particular input, a company must decide how much a. input should be used per unit of output and how much […]
Management Chapter 1 Information systems literacy describes the behavioral
Exam Name___________________________________ 1. Internet advertising is growing at approximately 10 percent a year. 2. Developing a new product, fulfilling an order, and hiring a new employee are examples of business processes. Answer: True False Explanation: Comment: Diff: 1 Type: TF […]
Accounting Chapter 16 Controllable costs are those that a manager
42. Controllable costs are those that a manager a. has no authority over. b. cannot avoid. c. does not participate in authorizing. d. can influence through decision making. ANS: D PTS: 1 REF: 16.9 43. Which budget should be used […]
Accounting Chapter 16 Which The Following Not Potential Disadvantage
Chapter 16 – Management control systems MULTIPLE CHOICE 1. Which of the following is not an objective of responsibility accounting? a. to redesign processes to be more effective b. to align individual and organizational goals c. to influence behaviour d. […]
Accounting Chapter 15 One fourth of the purchases are paid for in
c. 82,000 units d. 42,000 units 64. Gerald Company manufactures books. Manufacturing a book takes 10 units of A1 and 1 unit of A2. Scheduled production of books for the next two months is 1,000 and 1,200 units, respectively. Beginning […]
Accounting Chapter 15 The Following Forecasted Sales Pertain Reject
Chapter 15 – The budgeting process MULTIPLE CHOICE 1. Which of the following is NOT a criticism of the traditional master budget? a. results oriented b. Interdependencies are recognized. c. static d. department oriented 2. If a department plans forward […]
Accounting Chapter 14 Tax savings from tax allowable depreciation
Chapter 14 – Capital investment decisions: the impact of capital rationing, taxation, inflation and risk MULTIPLE CHOICE 1. ____ is the process of altering key variables to assess the effect on the original outcome. a. Alteration analysis b. Experimentation c. […]
Accounting Chapter 13 The System Has Positive Net Present Value
60. Which of the following capital investment models would be preferred when choosing among mutually exclusive alternatives? a. payback period b. accounting rate of return c. IRR d. NPV ANS: D PTS: 1 REF: 13.8 61. Five mutually exclusive projects […]
Accounting Chapter 13 Firm Considering Project With Annual Cash
Chapter 13 – Capital investment decisions: appraisal methods MULTIPLE CHOICE 1. Projects that, if accepted, preclude the acceptance of competing projects are a. priority projects. b. mutually exclusive projects. c. independent projects. d. equity projects. 2. ____ are capital budgeting […]
Marketing Chapter 17 Which structure allows for some duplication
16. Which structure allows for some duplication of activities, which increases costs, but is still considered to be very effective? a. International division structure c. Product division structure b. Worldwide regional division structure d. Functional area structure 17. This structure […]
Accounting Chapter 12 The Possible Types Environment That May Occurans
Chapter 12 – Decision-making under conditions of risk and uncertainty MULTIPLE CHOICE 1. Which of the following represent states of nature? a. a potential set of outcomes expressed in monetary terms b. the most likely result that is going to […]
Marketing Chapter 17 In environments characterized by intense competition
Chapter 17: Organizing and Controlling International Marketing Operations and Perspectives for the Future TRUE/FALSE 1. In environments characterized by intense competition, where decisions must be made quickly to counter competitive moves, a centralized organization would allow for the most immediate […]
Accounting Chapter 11 Identify The Activities That Belong Each Pool
PTS: 1 REF: 11.5 2. Discuss how volume-based unit-level analysis underestimates and/or overestimates the cost of products. 3. The most critical step in activity-based costing is identifying cost drivers. Explain this statement. ANS: The activity cost driver for a particular […]
Marketing Chapter 16 for which industry does the U.S. government support
d. Developing countries with significant hard currency reserves do not require countertrade agreements. 23. According to the text, for which industry does the U.S. government support the use of countertrade? a. Weapons c. Textiles b. Computers d. Steel ANS: A […]
Accounting Chapter 11 1 The use of unit-based activity drivers to assign
Chapter 11 – Pricing decisions and profitability analysis MULTIPLE CHOICE 1. The use of unit-based activity drivers to assign costs tends to a. overcost low-volume products. b. overcost high-volume products. c. undercost all products. d. overcost all products. 2. Riley, […]
Marketing Chapter 16 The location of production facilities determines the extent
Chapter 16: International Pricing Strategy TRUE/FALSE 1. The location of production facilities determines the extent to which a company can control costs and price the products competitively. 2. Companies can and often do price themselves out of the market in […]
Accounting Chapter 10 However Todays Business Environment Few Products Services
Chapter 10 – Activity-based costing MULTIPLE CHOICE 1. Products might consume overhead in different proportions due to a. differences in product size. b. differences in setup times. c. differences in product complexity. d. all of the above. 2. The activity-based […]
Marketing Chapter 15 Which of the following is an example of content
20. In which country should the salesperson focus on closing the deal and aim towards the next sale? a. Mexico c. Jordan b. Japan d. Germany 21. A personal selling situation involves content and style. Which of the following is […]
Accounting Chapter 9 in what sequence should orders be filled
The company has the capacity to produce 80,000 units. The product regularly sells for £90. A wholesaler has offered to pay £75 each for 2,000 units. If Bridge’s special order is accepted, the effect on operating income would be a […]
Marketing Chapter 15 International sales representatives’ expertise
Chapter 15: International Personal Selling and Personnel Management TRUE/FALSE 1. International sales representatives’ expertise, ability, demeanor, and appearance all convey information that is integral to the firm’s product or service offering and help shape the firm’s relationship with the target […]
Accounting Chapter 9 Measuring relevant costs and revenues for decision
Chapter 9 – Measuring relevant costs and revenues for decision-making MULTIPLE CHOICE 1. Tactical decision-making relies a. only on relevant cost information. b. on qualitative factors. c. on relevant costs as well as other qualitative factors. d. on neither relevant […]
Marketing Chapter 14 Promotion aimed to Swiss consumers often uses
20. How did Procter & Gamble first introduce Bounty to Dutch consumers? a. It sent coupons to consumers through the mail. b. It used point-of-purchase displays in Albert Heijn stores. c. It sponsored a major Tulip show. d. All of […]
Accounting Chapter 8 The vertical Axis Represents Costs And The Horizontal
c. Linear analysis likely overstates total costs at high activity levels. d. Linear analysis of high activity levels fails to capture the fact that total fixed costs decrease as more units are produced. 49. Information about two products is as […]
Marketing Chapter 14 Publicity may occur in any type of print article
Chapter 14: International Publicity, Public Relations, and Sales Promotion Strategies TRUE/FALSE 1. Publicity may occur in any type of print article or broadcast message. 2. Negative publicity is frequently experienced by multinational corporations. ANS: T Negative publicity in particular is […]
Marketing Chapter 13 Which language should be used if a marketer
18. Which language should be used if a marketer is targeting a more educated consumer in India? a. Hindi c. Tamil b. Malealam d. Telegu ANS: A A campaign aimed at a more educated consumer can be communicated effectively in […]
Accounting Chapter 8 Total contribution margin is calculated by subtracting
Chapter 8 – Cost-volume-profit analysis MULTIPLE CHOICE 1. Total contribution margin is calculated by subtracting a. cost of goods sold from total revenues. b. fixed costs from total revenues. c. total manufacturing costs from total revenues. d. total variable costs […]
Marketing Chapter 13 Cultural differences may create noise in the
Chapter 13: The International Promotional Mix and Advertising Strategies TRUE/FALSE 1. Cultural differences may create noise in the international communication process. 2. In Germany, the main purpose of the Peugeot bicycle is recreation. ANS: F The main purpose of the […]
Accounting Chapter 7 Compare and contrast absorption and variable
SHORT ANSWER 1. Compare and contrast absorption and variable costing. 2. Since fixed product costs are eventually recorded as expenses under both variable and absorption costing by the time the inventory is sold, why does it matter whether fixed overhead […]
Accounting Chapter 7 Income effects of alternative cost accumulation
Chapter 7 – Income effects of alternative cost accumulation systems MULTIPLE CHOICE 1. The efficient level of activity performance is called a. activity capacity. b. practical capacity. c. unused capacity. d. acquired capacity. 2. Which of the following costs would […]
Marketing Chapter 12 Borders Example This Type Store Borders Offers
ANS: T Although some of this growth can be attributed to its Latin American operations, Wal–Mart’s primary expansion focus remains on Europe. This is found in the “International Expansion of Retailers” section (12-1). PTS: 1 DIF: Medium ANS: F Wal-Mart […]
Accounting Chapter 6 Additional processing costs of specific products
Profit increases £28,000 43. The decision of whether or NOT to process joint products beyond their split-off point is a. based on the total cost of the finished product including joint costs. b. based on joint costs only. c. based […]
Marketing Chapter 11 Waterways are used for transporting over long
19. ____ are used for intracontinental transportation over long distances of coal, gasoline, forestry products, and grains. a. Airways b. Railways c. Tankers, barges, and other sea freighters d. Pipelines ANS: B Railways remain the primary mode for intracontinental freight […]
Marketing Chapter 11 Are Used For Intercontinental Transportation
Chapter 11: Managing International Distribution Operations and Logistics TRUE/FALSE 1. The initial channel selection decision is very important since a company may be bound to that relationship and may not legally be allowed to change distributors. 2. Building a channel […]
Accounting Chapter 6 which are produced simultaneously by the same
Chapter 6 – Joint and by-product costing MULTIPLE CHOICE 1. ____ are products with substantial value which are produced simultaneously by the same process up to a split-off point. a. By-products b. Joint products c. Minor products d. Both a […]
Accounting Chapter 5 Unit cost of materials for a department using
39. Refer to Figure 5-7. Units started and completed in Corn Corporation’s second department during June would be a. 48,000. b. 37,000. c. 29,000. d. 55,000. Figure 5-9 The following information is available for Department Z for the month of […]
Marketing Chapter 10 Consumers Lag Countries Have Had Chance To see
21. In which stage of product development are prototypes developed? a. Product screening c. Product design b. Concept development d. Test marketing 22. In which stage of product development does the product typically acquire a name? a. Competitive analysis c. […]