Edrftgyihu jiuh
Cost Management,
ST
6th Edition
UV
TEST BANK
IA
Don R. Hansen
_A
Maryanne M. Mowen
Dan L. Heitger
PP
────────────────────────────────────────────────────
Comprehensive Test Bank for Instructors
RO
and Students
||| ||| || ||| || | || ||| | || ||| |
VE
9798214044866
© Don R. Hansen, Maryanne M. Mowen, & Dan L. Heitger. All
D?
rights reserved. Reproduction or distribution without permission is
prohibited.
© MEDCONNOISSEUR
, Edrftgyihu jiuh
Cost Management — Test Bank
Don R. Hansen, Maryanne M. Mowen and Dan L. Heitger
ISBN: 9798214044866
ST
Chapter 1: Introduction to Cost Management
Chapter 2: Basic Cost Management Concepts
Chapter 3: Cost Behavior and Forecasting
UV
Chapter 4: Unit-Based and Activity-Based Costing Systems
Chapter 5: Job-Order Costing
Chapter 6: Process Costing
Chapter 7: Allocating Costs of Support Departments and Joint Products
Chapter 8: Budgeting for Planning and Control
IA
Chapter 9: Standard Costing: A Functional-Based Control Approach
Chapter 10: Decentralization: Responsibility Accounting, Performance Evaluation, and
Transfer Pricing
Chapter 11: Strategic Cost Management
_A
Chapter 12: Activity-Based Management
Chapter 13: Strategic-Based Control Systems and the Balanced Scorecard
Chapter 14: Quality and Environmental Cost Management
Chapter 15: Lean Accounting and Productivity Measurement
PP
Chapter 16: Cost-Volume-Profit Analysis
Chapter 17: Activity Resource Usage Model and Tactical Decision Making
Chapter 18: Pricing and Profitability Analysis
Chapter 19: Capital Investment
RO
Chapter 20: Inventory Management: Economic Order Quantity, JIT, and the Theory of
Constraints
Chapter 21: International Issues in Cost Management
VE
D?
© MEDCONNOISSEUR
, Name: Class: Date:
Test Bankth For
Cost Management 6 Edition by Don R. Hansen, Maryanne M. Mowen, Dan L. Heitger
Chapter 1-21 Answers are at the End of Each Chapter
Chapter 1
ST
Indicate whether the statement is true or false.
1. The service sector of the U.S. economy has decreased in importance as traditional industries have declined in
importance.
UV
a. True
b. False
2. Business ethics is learning what is right or wrong in the work environment and choosing what is right.
a. True
IA
b. False
3. Three of the major certifications available to management accountants are a Certificate in Management Accounting, a
Certificate in Public Accounting, and a Certificate in Internal Auditing.
_A
a. True
b. False
4. Positions that have direct responsibility for basic objectives are referred to as staff positions, and those indirectly
responsible are called line positions.
PP
a. True
b. False
5. Evaluating the performance of a segment of the company is an example of planning.
a. True
RO
b. False
6. The cost management information system has two major subsystems: the cost accounting information system and the
operational control information system.
a. True
VE
b. False
7. Preparing reports for division managers is an activity associated with the cost management information system.
a. True
b. False
D?
8. One of the major advances in information technology that affects firms is the emergence of electronic commerce.
a. True
b. False
9. The role of cost and management accountants is one of support and teamwork and assistance of those who are
responsible for achieving a company's basic objectives.
a. True
Page 1
, Name: Class: Date:
b. False
10. The cost management information system is primarily concerned with producing outputs for external users.
a. True
b. False
ST
11. The examination for obtaining the Certificate in Management Accounting consists of two parts: (1) Technology and
Analytics and (2) Strategic Financial Management.
a. True
b. False
UV
12. The Certificate of Public Accounting does NOT include the right to serve as external auditors.
a. True
b. False
13. The treasurer of a company is responsible for all taxation activities, including dealing with the IRS.
IA
a. True
b. False
_A
14. JIT is a critical part of a more comprehensive approach referred to as lean manufacturing.
a. True
b. False
15. For each certification, all an applicant has to do is meet specific educational and experience requirements.
PP
a. True
b. False
16. Changes in the way business is conducted worldwide have broadened the focus of cost management accounting
systems.
RO
a. True
b. False
17. Divulging company information when NOT legally obligated to do so violates the confidentiality part of the IMA
code of ethics.
a. True
VE
b. False
18. The focus of lean manufacturing is to eliminate waste, which is anything that does not add value to the end user
(customer).
a. True
D?
b. False
19. Firms subject to the Sarbanes-Oxley Act do not have to disclose whether they have a code of ethics for senior
financial officers, nor why.
a. True
b. False
Page 2
Cost Management,
ST
6th Edition
UV
TEST BANK
IA
Don R. Hansen
_A
Maryanne M. Mowen
Dan L. Heitger
PP
────────────────────────────────────────────────────
Comprehensive Test Bank for Instructors
RO
and Students
||| ||| || ||| || | || ||| | || ||| |
VE
9798214044866
© Don R. Hansen, Maryanne M. Mowen, & Dan L. Heitger. All
D?
rights reserved. Reproduction or distribution without permission is
prohibited.
© MEDCONNOISSEUR
, Edrftgyihu jiuh
Cost Management — Test Bank
Don R. Hansen, Maryanne M. Mowen and Dan L. Heitger
ISBN: 9798214044866
ST
Chapter 1: Introduction to Cost Management
Chapter 2: Basic Cost Management Concepts
Chapter 3: Cost Behavior and Forecasting
UV
Chapter 4: Unit-Based and Activity-Based Costing Systems
Chapter 5: Job-Order Costing
Chapter 6: Process Costing
Chapter 7: Allocating Costs of Support Departments and Joint Products
Chapter 8: Budgeting for Planning and Control
IA
Chapter 9: Standard Costing: A Functional-Based Control Approach
Chapter 10: Decentralization: Responsibility Accounting, Performance Evaluation, and
Transfer Pricing
Chapter 11: Strategic Cost Management
_A
Chapter 12: Activity-Based Management
Chapter 13: Strategic-Based Control Systems and the Balanced Scorecard
Chapter 14: Quality and Environmental Cost Management
Chapter 15: Lean Accounting and Productivity Measurement
PP
Chapter 16: Cost-Volume-Profit Analysis
Chapter 17: Activity Resource Usage Model and Tactical Decision Making
Chapter 18: Pricing and Profitability Analysis
Chapter 19: Capital Investment
RO
Chapter 20: Inventory Management: Economic Order Quantity, JIT, and the Theory of
Constraints
Chapter 21: International Issues in Cost Management
VE
D?
© MEDCONNOISSEUR
, Name: Class: Date:
Test Bankth For
Cost Management 6 Edition by Don R. Hansen, Maryanne M. Mowen, Dan L. Heitger
Chapter 1-21 Answers are at the End of Each Chapter
Chapter 1
ST
Indicate whether the statement is true or false.
1. The service sector of the U.S. economy has decreased in importance as traditional industries have declined in
importance.
UV
a. True
b. False
2. Business ethics is learning what is right or wrong in the work environment and choosing what is right.
a. True
IA
b. False
3. Three of the major certifications available to management accountants are a Certificate in Management Accounting, a
Certificate in Public Accounting, and a Certificate in Internal Auditing.
_A
a. True
b. False
4. Positions that have direct responsibility for basic objectives are referred to as staff positions, and those indirectly
responsible are called line positions.
PP
a. True
b. False
5. Evaluating the performance of a segment of the company is an example of planning.
a. True
RO
b. False
6. The cost management information system has two major subsystems: the cost accounting information system and the
operational control information system.
a. True
VE
b. False
7. Preparing reports for division managers is an activity associated with the cost management information system.
a. True
b. False
D?
8. One of the major advances in information technology that affects firms is the emergence of electronic commerce.
a. True
b. False
9. The role of cost and management accountants is one of support and teamwork and assistance of those who are
responsible for achieving a company's basic objectives.
a. True
Page 1
, Name: Class: Date:
b. False
10. The cost management information system is primarily concerned with producing outputs for external users.
a. True
b. False
ST
11. The examination for obtaining the Certificate in Management Accounting consists of two parts: (1) Technology and
Analytics and (2) Strategic Financial Management.
a. True
b. False
UV
12. The Certificate of Public Accounting does NOT include the right to serve as external auditors.
a. True
b. False
13. The treasurer of a company is responsible for all taxation activities, including dealing with the IRS.
IA
a. True
b. False
_A
14. JIT is a critical part of a more comprehensive approach referred to as lean manufacturing.
a. True
b. False
15. For each certification, all an applicant has to do is meet specific educational and experience requirements.
PP
a. True
b. False
16. Changes in the way business is conducted worldwide have broadened the focus of cost management accounting
systems.
RO
a. True
b. False
17. Divulging company information when NOT legally obligated to do so violates the confidentiality part of the IMA
code of ethics.
a. True
VE
b. False
18. The focus of lean manufacturing is to eliminate waste, which is anything that does not add value to the end user
(customer).
a. True
D?
b. False
19. Firms subject to the Sarbanes-Oxley Act do not have to disclose whether they have a code of ethics for senior
financial officers, nor why.
a. True
b. False
Page 2
