Test Bank for Cost Management A Strategic Emphasis 2022 Release by Edward Blocher.pdf

, DOWNLOAD THE Test Bank for Cost Management 5th Edition Hansen
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Name: Class: Date:

Chapter 01: Introduction to Cost Management
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1. Anjaccountingjinformationjsystemjcollects,jrecords,jsummarizes,janalyzes,jandjmanagesjdatajtojtransformjinputsjintojinfo
rmationjthatjisjprovidedjtojusers.
a. True
b. False
ANSWER:j True

2. Thejtwojmajorjsubsystemsjofjthejaccountingjinformationjsystemjarejthejfinancialjaccountingjinformationjsystemjandjthejc
ostjmanagementjaccountingjinformationjsystem.
a. True
b. False
ANSWER:j True

3. Thejcostjmanagementjinformationjsystemjisjprimarilyjconcernedjwithjproducingjoutputsjforjexternaljusers.
a. True
b. False
ANSWER:j False

4. Thejthreejbroadjobjectivesjofjfinancialjaccountingjinformationjsystemsjarejtojprovidejinformationjforjcostingjoutjserv
icesjandjproducts,jplanningjandjcontrol,jandjdecisionjmaking.
a. True
b. False
ANSWER:j False

5. Preparingjreportsjforjdivisionjmanagersjisjanjactivityjassociatedjwithjthejcostjmanagementjinformationjsystem.
a. True
b. False
ANSWER:j True

6. Thejcostjmanagementjinformationjsystemjhasjtwojmajorjsubsystems:jthejcostjaccountingjinformationjsystemjandjthejoper
ationaljcontroljinformationjsystem.
a. True
b. False
ANSWER:j True

7. Changesjinjthejwayjbusinessjisjconductedjworldwidejhavejbroadenedjthejfocusjofjcostjmanagementjaccountingjsyst
ems.
a. True
b. False
ANSWER:j True

8. Onejofjthejmajorjadvancesjinjinformationjtechnologyjthatjaffectsjfirmsjisjthejemergencejofjelectronicjcommerce.
a. True
b. False
ANSWER:j True


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, DOWNLOAD THE Test Bank for Cost Management 5th Edition Hansen
j j j j j j j j j



Name: Class: Date:

Chapter 01: Introduction to Cost Management
j j j j j



9. ThejservicejsectorjofjthejU.S.jeconomyjhasjdecreasedjinjimportancejasjtraditionaljindustriesjhavejdeclinedjinjimpo
rtance.
a. True
b. False
ANSWER:j False

10. Enterprisejresourcejplanningj(ERP)jsoftwarejhasjthejobjectivejofjprovidingjanjintegratedjsystemjcapabilityjandjisjablejtojru
njalljthejoperationsjofjajcompany.
a. True
b. False
ANSWER:j True

11. Injjust-in-timej(JIT)jmanufacturing,jeachjoperationjproducesjonlyjwhatjisjnecessaryjforjthejsucceedingjoperations.
a. True
b. False
ANSWER:j True

12. JITjisjajcriticaljpartjofjajmorejcomprehensivejapproachjreferredjtojasjleanjmanufacturing.
a. True
b. False
ANSWER:j True

13. Thejfocusjofjleanjmanufacturingjisjtojeliminatejwaste,jwhichjisjanythingjthatjdoesjnotjaddjvaluejtojthejendjuserj(custo
mer).
a. True
b. False
ANSWER:j True

14. Thejrolejofjcostjandjmanagementjaccountantsjisjonejofjsupportjandjteamworkjandjassistancejofjthosejwhojarejrespo
nsiblejforjachievingjajcompany'sjbasicjobjectives.
a. True
b. False
ANSWER:j True

15. Positionsjthatjhavejdirectjresponsibilityjforjbasicjobjectivesjarejreferredjtojasjstaffjpositions,jandjthosejindirectlyjresp
onsiblejarejcalledjlinejpositions.
a. True
b. False
ANSWER:j False

16. Thejcontrollerjofjajcompanyjsupervisesjalljthejaccountingjdepartmentsjandjisjoftenjviewedjasjajmemberjofjthejtopjmana
gementjteam.
a. True
b. False
ANSWER:j True

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, DOWNLOAD THE Test Bank for Cost Management 5th Edition Hansen
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Name: Class: Date:

Chapter 01: Introduction to Cost Management
j j j j j



17. Thejtreasurerjofjajcompanyjisjresponsiblejforjalljtaxationjactivities,jincludingjdealingjwithjthejIRS.
a. True
b. False
ANSWER:j False

18. Evaluatingjthejperformancejofjajsegmentjofjthejcompanyjisjanjexamplejofjplanning.
a. True
b. False
ANSWER:j False

19. Thejprocessjofjchoosingjamongjcompetingjalternativesjisjcalledjdecisionjmaking.
a. True
b. False
ANSWER:j True

20. Businessjethicsjisjlearningjwhatjisjrightjorjwrongjinjthejworkjenvironmentjandjchoosingjwhatjisjright.
a. True
b. False
ANSWER:j True

21. EmployeejandjcustomerjloyaltyjarejNOTjajresultjofjajstrongjcodejofjethics.
a. True
b. False
ANSWER:j False

22. FirmsjsubjectjtojthejSarbanes-
OxleyjActjdojnotjhavejtojdisclosejwhetherjtheyjhavejajcodejofjethicsjforjseniorjfinancialjofficers,jnorjwhy.
a. True
b. False
ANSWER:j False

23. ThejInstitutejofjManagementjAccountantsjhasjestablishedjethicaljstandardsjforjmanagementjaccountants.
a. True
b. False
ANSWER:j True

24. Injresolvingjanjethicaljconflict,jitjwouldjbejappropriatejtojtakejthejmatterjtojthejpressjwherejthere'sjnojlegaljrequir
ement.
a. True
b. False
ANSWER:j False

25. DivulgingjcompanyjinformationjwhenjNOTjlegallyjobligatedjtojdojsojviolatesjthejconfidentialityjpartjofjthejIMAjcodej
ofjethics.
a. True
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