Question 1

In the United States,the Institute of Management Accountants (IMA)issues ethical guidelines.

Accepted Answer

A) True 
 B)False

Question 2

The ________ function is the function of analyzing,reporting,and accounting for those resources spent in different marketing channels;while the ________ function includes the human resource management function of training front-line workers.

Accepted Answer

A) distribution;marketing 
B) marketing;production 
C) customer service;distribution 
D) marketing;customer service 
E) production;customer service 
A) distribution;marketing 
B) marketing;production 
C) customer service;distribution 
D) marketing;customer service 
E) production;customer service

Question 3

A recent Performance Report from Baker's Chocolate Factory revealed the budgeted amount of chocolate crisps was 1,000;and,they actually sold 900 chocolate crisps.Compute the difference.Was the difference favorable or unfavorable?

Accepted Answer

A) 100;favorable 
B) 100;unfavorable 
C) 110;favorable 
D) 110;unfavorable 
E) 111;favorable 
A) 100;favorable 
B) 100;unfavorable 
C) 110;favorable 
D) 110;unfavorable 
E) 111;favorable

Question 4

Organization charts:

Accepted Answer

A) do not show reporting relationships. 
B) show informal reporting relationships. 
C) are never understood,and they are never written. 
D) show formal reporting relationships. 
E) are understood,but never written. 
A) do not show reporting relationships. 
B) show informal reporting relationships. 
C) are never understood,and they are never written. 
D) show formal reporting relationships. 
E) are understood,but never written.

Question 5

Trader Joe's is known for delivering unique products to consumers at reasonable prices.Which of the following is not one of the strategies they use to attract and retain consumers?

Accepted Answer

A) Delivers unique products at reasonable prices. 
B) Offers low-cost,high-end staples to attract and retain consumers. 
C) Minimize cost to attract and retain consumers with brand items. 
D) Maximize cost to attract and retain consumers with brand items. 
E) Implements precise,just-in-time ordering with daily distribution trips. 
A) Delivers unique products at reasonable prices. 
B) Offers low-cost,high-end staples to attract and retain consumers. 
C) Minimize cost to attract and retain consumers with brand items. 
D) Maximize cost to attract and retain consumers with brand items. 
E) Implements precise,just-in-time ordering with daily distribution trips.

Question 6

When managers generate and experiment with ideas related to new products,services or processes.this is:

Accepted Answer

A) research and development. 
B) design of products and processes. 
C) production. 
D) marketing. 
E) distribution. 
A) research and development. 
B) design of products and processes. 
C) production. 
D) marketing. 
E) distribution.

Question 7

Which of the following is not a true statement about a manager that utilizes the cost-benefit approach?

Accepted Answer

A) Senior managers could spend resources if the expected benefits to the company exceed the expected costs. 
B) Senior managers can compare the expected benefits to the expected costs associated with a project. 
C) Senior managers can compare the expected benefits,exercise judgment,and make decisions when they use this approach. 
D) Senior managers are unable to compare the expected benefits to the expected costs associated with a project. 
E) Senior managers should spend resources if the expected benefits to the company exceed the expected costs. 
A) Senior managers could spend resources if the expected benefits to the company exceed the expected costs. 
B) Senior managers can compare the expected benefits to the expected costs associated with a project. 
C) Senior managers can compare the expected benefits,exercise judgment,and make decisions when they use this approach. 
D) Senior managers are unable to compare the expected benefits to the expected costs associated with a project. 
E) Senior managers should spend resources if the expected benefits to the company exceed the expected costs.

Question 8

Management accountants do not work in teams because they are not a business partner at the firm.

Accepted Answer

A) True 
 B)False

Question 9

In the resolution of ethical conflict between a managerial accountant and the firm,a managerial accountant should not contact his or her personal attorney concerning rights and obligations.

Accepted Answer

A) True 
 B)False

In the United States,the Institute of Management Accountants (IMA)issues ethical guidelines.

The function is the function of analyzing,reporting,and accounting for those resources spent in different marketing channels;while the function includes the human resource management function of training front-line workers.

A recent Performance Report from Baker's Chocolate Factory revealed the budgeted amount of chocolate crisps was 1,000;and,they actually sold 900 chocolate crisps.Compute the difference.Was the difference favorable or unfavorable?

Organization charts:

Trader Joe's is known for delivering unique products to consumers at reasonable prices.Which of the following is not one of the strategies they use to attract and retain consumers?

When managers generate and experiment with ideas related to new products,services or processes.this is:

Which of the following is not a true statement about a manager that utilizes the cost-benefit approach?

Management accountants do not work in teams because they are not a business partner at the firm.

In the resolution of ethical conflict between a managerial accountant and the firm,a managerial accountant should not contact his or her personal attorney concerning rights and obligations.

An Introduction to Cost Terms and Purposes

Cost-Volume-Profit Analysis

Job Costing

Process Costing and Cost Allocation

Activity-Based Costing and Activity-Based Management

Pricing Decisions, customer Profitability, and Cost Management

Determining How Costs Behave

Decision Making and Relevant Information

Quality, inventory Management, and Time

Capital Investments

Master Budget and Responsibility Accounting

Flexible Budgets, cost Variances, and Management Control

Strategy, Balanced Scorecard, and Strategic Profitability Analysis

Transfer Pricing

Performance Measurement and Compensation

Filters

Exam 1: The Manager and Management Accounting

In the United States,the Institute of Management Accountants (IMA)issues ethical guidelines.

The ________ function is the function of analyzing,reporting,and accounting for those resources spent in different marketing channels;while the ________ function includes the human resource management function of training front-line workers.

A recent Performance Report from Baker's Chocolate Factory revealed the budgeted amount of chocolate crisps was 1,000;and,they actually sold 900 chocolate crisps.Compute the difference.Was the difference favorable or unfavorable?

Organization charts:

Trader Joe's is known for delivering unique products to consumers at reasonable prices.Which of the following is not one of the strategies they use to attract and retain consumers?

When managers generate and experiment with ideas related to new products,services or processes.this is:

Which of the following is not a true statement about a manager that utilizes the cost-benefit approach?

Management accountants do not work in teams because they are not a business partner at the firm.

In the resolution of ethical conflict between a managerial accountant and the firm,a managerial accountant should not contact his or her personal attorney concerning rights and obligations.

An Introduction to Cost Terms and Purposes

Cost-Volume-Profit Analysis

Job Costing

Process Costing and Cost Allocation

Activity-Based Costing and Activity-Based Management

Pricing Decisions, customer Profitability, and Cost Management

Determining How Costs Behave

Decision Making and Relevant Information

Quality, inventory Management, and Time

Capital Investments

Master Budget and Responsibility Accounting

Flexible Budgets, cost Variances, and Management Control

Strategy, Balanced Scorecard, and Strategic Profitability Analysis

Transfer Pricing

Performance Measurement and Compensation

Filters

The function is the function of analyzing,reporting,and accounting for those resources spent in different marketing channels;while the function includes the human resource management function of training front-line workers.