Question 1

The statement concerning lean accounting that is true is:

Accepted Answer

A)  the focus is on achieving economies of scale in production 
B)  labour is considered to be a period cost and is treated as more fixed than variable 
C)  a perpetual inventory system needs to be implemented 
D)  all of the statements are true 
A)  the focus is on achieving economies of scale in production 
B)  labour is considered to be a period cost and is treated as more fixed than variable 
C)  a perpetual inventory system needs to be implemented 
D)  all of the statements are true

Question 2

The major disadvantage of the just-in-time system is:

Accepted Answer

A)  the number of inspections that must occur 
B)  unforeseen, external events disrupting the delivery schedule 
C)  the number of small deliveries that must occur 
D)  all of the above are major disadvantages 
A)  the number of inspections that must occur 
B)  unforeseen, external events disrupting the delivery schedule 
C)  the number of small deliveries that must occur 
D)  all of the above are major disadvantages

Question 3

Lean accounting incorporates which of the following?

Accepted Answer

A)  Total quality management 
B)  The theory of constraints 
C)  Just-in-time 
D)  All of the above 
A)  Total quality management 
B)  The theory of constraints 
C)  Just-in-time 
D)  All of the above

Question 4

The philosophy of TQM is to cut costs while increasing quality.

Accepted Answer

A) True 
 B)False

Question 5

The just-in-time system is considered a supply-push system.

Accepted Answer

A) True 
 B)False

Question 6

An approach to accounting that aims to eliminate all sources of organisational waste from the value chain is known as:

Accepted Answer

A)  strategic management 
B)  lean accounting 
C)  just-in-time 
D)  value chain management 
A)  strategic management 
B)  lean accounting 
C)  just-in-time 
D)  value chain management

The statement concerning lean accounting that is true is:

The major disadvantage of the just-in-time system is:

Lean accounting incorporates which of the following?

The philosophy of TQM is to cut costs while increasing quality.

The just-in-time system is considered a supply-push system.

An approach to accounting that aims to eliminate all sources of organisational waste from the value chain is known as:

The Role of Accounting Information in Management Decision Making

Cost Concepts, Behaviour and Estimation

A Costing Framework and Cost Allocation

Costvolumeprofit Cvp Analysis

Planning Budgeting and Behaviour

Operational Budgets

Job and Process Costing Systems

Flexible Budgets, Standard Costs and Variance Analysis

Variance Analysis: Revenue and Cost

Activity Analysis: Costing and Management

Relevant Costs for Decision Making

Strategy and Control

Capital Budgeting and Strategic Investment Decisions

The Strategic Management of Costs and Revenues

Responsibility Accounting, Performance Evaluation and Transfer Pricing

The Balanced Scorecard and Strategy Maps

Rewards, Incentives and Risk Management

Sustainability Management Accounting

Filters

Exam 15: Strategic Management Control: a Lean Perspective

The statement concerning lean accounting that is true is:

The major disadvantage of the just-in-time system is:

Lean accounting incorporates which of the following?

The philosophy of TQM is to cut costs while increasing quality.

The just-in-time system is considered a supply-push system.

An approach to accounting that aims to eliminate all sources of organisational waste from the value chain is known as:

The Role of Accounting Information in Management Decision Making

Cost Concepts, Behaviour and Estimation

A Costing Framework and Cost Allocation

Costvolumeprofit Cvp Analysis

Planning Budgeting and Behaviour

Operational Budgets

Job and Process Costing Systems

Flexible Budgets, Standard Costs and Variance Analysis

Variance Analysis: Revenue and Cost

Activity Analysis: Costing and Management

Relevant Costs for Decision Making

Strategy and Control

Capital Budgeting and Strategic Investment Decisions

The Strategic Management of Costs and Revenues

Responsibility Accounting, Performance Evaluation and Transfer Pricing

The Balanced Scorecard and Strategy Maps

Rewards, Incentives and Risk Management

Sustainability Management Accounting

Filters