ACG 2071 EXAM 1 FSU LATEST
The first step in computing and using ABC is which of the following? -
ANSWERS-Identifying the company's primary activities
Activities incurred regardless of how many units, batches, or products
are produced are called activities. - ANSWERS-facility-level
Which of the following is true? - ANSWERS-ABM refers to using
activity-based cost information to make decisions.
The potential benefits of ABC/ABM are generally higher for companies
that - ANSWERS-produce high volumes of some products and low
volumes of other products.
Lean operations are generally characterized by - ANSWERS-employee
empowerment.
JIT inventory systems.
production in self-contained cells.
all of the listed answers.
END OF
PAGE 1
, ACG 2071 EXAM 1 FSU LATEST
D
Which of the following is not one of the "eight wastes" included in the
acronym DOWNTIME? - ANSWERS-Neglect
Concerning lean operations, which of the following is false? -
ANSWERS-Focus on internal and external waste
Which of the following is not one of the costs of quality categories? -
ANSWERS-Transportation costs
Which of the following would be considered an external failure cost? -
ANSWERS-Warranty costs
Which of the following management responsibilities often involves
evaluating the results of operations against the budget? - ANSWERS-
controlling
Managerial accounting differs from financial accounting in that
managerial accounting - ANSWERS-emphasizes data relevance over
data objectivity.
END OF
PAGE 2
The first step in computing and using ABC is which of the following? -
ANSWERS-Identifying the company's primary activities
Activities incurred regardless of how many units, batches, or products
are produced are called activities. - ANSWERS-facility-level
Which of the following is true? - ANSWERS-ABM refers to using
activity-based cost information to make decisions.
The potential benefits of ABC/ABM are generally higher for companies
that - ANSWERS-produce high volumes of some products and low
volumes of other products.
Lean operations are generally characterized by - ANSWERS-employee
empowerment.
JIT inventory systems.
production in self-contained cells.
all of the listed answers.
END OF
PAGE 1
, ACG 2071 EXAM 1 FSU LATEST
D
Which of the following is not one of the "eight wastes" included in the
acronym DOWNTIME? - ANSWERS-Neglect
Concerning lean operations, which of the following is false? -
ANSWERS-Focus on internal and external waste
Which of the following is not one of the costs of quality categories? -
ANSWERS-Transportation costs
Which of the following would be considered an external failure cost? -
ANSWERS-Warranty costs
Which of the following management responsibilities often involves
evaluating the results of operations against the budget? - ANSWERS-
controlling
Managerial accounting differs from financial accounting in that
managerial accounting - ANSWERS-emphasizes data relevance over
data objectivity.
END OF
PAGE 2
