Question 1

____ are relationships among activities that are performed with a firm's portion of the value chain.

Accepted Answer

A) External linkages 
B) Internal linkages 
C) Industrial value chain 
D) Both a and b 
A) External linkages 
B) Internal linkages 
C) Industrial value chain 
D) Both a and b

Question 2

____ involves choosing among alternative strategies with the goal of selecting a strategy, or strategies, that provides a company with reasonable assurance of long-term growth and survival.

Accepted Answer

A) Strategic decision making 
B) Strategic cost management 
C) Competitive advantage 
D) Customer value 
A) Strategic decision making 
B) Strategic cost management 
C) Competitive advantage 
D) Customer value

Question 3

Which of the following would be a lag measure?

Accepted Answer

A) budget forecasts 
B) sales per employee 
C) plant investment 
D) employee training hours 
A) budget forecasts 
B) sales per employee 
C) plant investment 
D) employee training hours

Question 4

Hampton, SA., manufactures a product that experiences the following activities: $\begin{array}{ll}
\text { Processing (three departments) } & 40 \text { hours } \
\text { Moving (four moves) } & 10 \text { hours } \
\text { Waiting time } & 30 \text { hours } \
\text { Storage (before delivery) } & 80 \text { hours }
\end{array}$ The manufacturing cycle efficiency (MCE) for the product is

Accepted Answer

A) 0.33. 
B) 0.27. 
C) 0.25. 
D) 0.18. 
A) 0.33. 
B) 0.27. 
C) 0.25. 
D) 0.18.

Question 5

____ are outcome measures that can be readily quantified and verified.

Accepted Answer

A) Objective measures 
B) External measures 
C) Financial measures 
D) Lag measures 
A) Objective measures 
B) External measures 
C) Financial measures 
D) Lag measures

Question 6

Hugh, SA., recently evaluated its manufacturing process and determined the following about its main product: $\begin{array}{lc}
\text { Processing time } & 6 \text { minutes } \
\text { Move time } & 2 \text { minutes } \
\text { Inspection time } & 1 \text { minute } \
\text { Wait time } & 3 \text { minutes }
\end{array}$ The manufacturing cycle efficiency (MCE) for the product is

Accepted Answer

A) 1.00. 
B) 0.75. 
C) 0.67. 
D) 0.50. 
A) 1.00. 
B) 0.75. 
C) 0.67. 
D) 0.50.

Question 7

____ are outcome measures that are expressed in monetary terms.

Accepted Answer

A) Objective measures 
B) External measures 
C) Financial measures 
D) Lag measures 
A) Objective measures 
B) External measures 
C) Financial measures 
D) Lag measures

Question 8

When a computer company targets customers in the South, it is following a

Accepted Answer

A) focusing strategy. 
B) low-cost strategy. 
C) differentiation strategy. 
D) strategic positioning strategy. 
A) focusing strategy. 
B) low-cost strategy. 
C) differentiation strategy. 
D) strategic positioning strategy.

Question 9

An example of a lag measure is

Accepted Answer

A) hours of employee training. 
B) customer profitability. 
C) employee capabilities. 
D) none of the above. 
A) hours of employee training. 
B) customer profitability. 
C) employee capabilities. 
D) none of the above.

____ are relationships among activities that are performed with a firm's portion of the value chain.

____ involves choosing among alternative strategies with the goal of selecting a strategy, or strategies, that provides a company with reasonable assurance of long-term growth and survival.

Which of the following would be a lag measure?

Hampton, SA., manufactures a product that experiences the following activities: Processing (three departments) 40 hours Moving (four moves) 10 hours Waiting time 30 hours Storage (before delivery) 80 hours The manufacturing cycle efficiency (MCE) for the product is

____ are outcome measures that can be readily quantified and verified.

Hugh, SA., recently evaluated its manufacturing process and determined the following about its main product: Processing time 6 minutes Move time 2 minutes Inspection time 1 minute Wait time 3 minutes The manufacturing cycle efficiency (MCE) for the product is

____ are outcome measures that are expressed in monetary terms.

When a computer company targets customers in the South, it is following a

An example of a lag measure is

Introduction to Management Accounting

An Introduction to Cost Terms and Concepts

Cost Assignment

Accounting Entries for a Job Costing System

Process Costing

Joint and By-Product Costing

Income Effects of Alternative Cost Accumulation Systems

Cost-Volume-Profit Analysis

Measuring Relevant Costs and Revenues for Decision-Making

Activity-Based Costing

Activity-Based Costing

Decision-Making Under Conditions of Risk and Uncertainty

Capital Investment Decisions: Appraisal Methods

Capital Investment Decisions: the Impact of Capital Rationing, Taxation, Inflation and Risk

The Budgeting Process

Management Control Systems

Standard Costing and Variance Analysis 1

Standard Costing and Variance Analysis 2: Further Aspects

Divisional Financial Performance Measures

Transfer Pricing in Divisionalized Companies

Strategic Cost Management

Cost Estimation and Cost Behaviour

Quantitative Models for the Planning and Control of Inventories

The Application of Linear Programming to Management Accounting

Filters

Exam 22: Strategic Performance Management

____ are relationships among activities that are performed with a firm's portion of the value chain.

____ involves choosing among alternative strategies with the goal of selecting a strategy, or strategies, that provides a company with reasonable assurance of long-term growth and survival.

Which of the following would be a lag measure?

Hampton, SA., manufactures a product that experiences the following activities: Processing (three departments) 40 hours Moving (four moves) 10 hours Waiting time 30 hours Storage (before delivery) 80 hours The manufacturing cycle efficiency (MCE) for the product is

____ are outcome measures that can be readily quantified and verified.

Hugh, SA., recently evaluated its manufacturing process and determined the following about its main product: Processing time 6 minutes Move time 2 minutes Inspection time 1 minute Wait time 3 minutes The manufacturing cycle efficiency (MCE) for the product is

____ are outcome measures that are expressed in monetary terms.

When a computer company targets customers in the South, it is following a

An example of a lag measure is

Introduction to Management Accounting

An Introduction to Cost Terms and Concepts

Cost Assignment

Accounting Entries for a Job Costing System

Process Costing

Joint and By-Product Costing

Income Effects of Alternative Cost Accumulation Systems

Cost-Volume-Profit Analysis

Measuring Relevant Costs and Revenues for Decision-Making

Activity-Based Costing

Activity-Based Costing

Decision-Making Under Conditions of Risk and Uncertainty

Capital Investment Decisions: Appraisal Methods

Capital Investment Decisions: the Impact of Capital Rationing, Taxation, Inflation and Risk

The Budgeting Process

Management Control Systems

Standard Costing and Variance Analysis 1

Standard Costing and Variance Analysis 2: Further Aspects

Divisional Financial Performance Measures

Transfer Pricing in Divisionalized Companies

Strategic Cost Management

Cost Estimation and Cost Behaviour

Quantitative Models for the Planning and Control of Inventories

The Application of Linear Programming to Management Accounting

Filters