Question 1

Identify and discuss the two documents that are the result of product design activities.

Accepted Answer

The two documents that are the result of

Question 2

Traditionally,what did manufacturing firms use to track the amount of time a worker spends on each specific task?

Accepted Answer

A)  job-time ticket 
B)  barcoded ID card 
C)  clock punchcard 
D)  RFID chips 
A)  job-time ticket 
B)  barcoded ID card 
C)  clock punchcard 
D)  RFID chips

Question 3

The production cycle differs from the revenue and expenditure cycles for all the following reasons except

Accepted Answer

A)  cost accounting is involved in all activities. 
B)  not all organizations have a production cycle. 
C)  there are no direct external data sources or destinations. 
D)  very little technology exists to make activities more efficient. 
A)  cost accounting is involved in all activities. 
B)  not all organizations have a production cycle. 
C)  there are no direct external data sources or destinations. 
D)  very little technology exists to make activities more efficient.

Question 4

Which of the following is not a product design objective?

Accepted Answer

A)  Design a product that meets customer requirements. 
B)  Design a quality product. 
C)  Minimize production costs. 
D)  Make the design easy to track for cost accounting purposes. 
A)  Design a product that meets customer requirements. 
B)  Design a quality product. 
C)  Minimize production costs. 
D)  Make the design easy to track for cost accounting purposes.

Question 5

Elif Package Delivery determines the cost per delivery by summing the average cost of loading,unloading,transporting,and maintenance.What costing approach does Elif Package Delivery use?

Accepted Answer

A)  job-order 
B)  unit-based 
C)  process 
D)  activity-based 
A)  job-order 
B)  unit-based 
C)  process 
D)  activity-based

Question 6

How many side panels should the company budget for use in week two?
Bill of Materials

Accepted Answer

600 (2 per finished

Question 7

What role does the AIS play in the production cycle?

Accepted Answer

A company's AIS plays a vital role in th

Question 8

What is activity-based costing (ABC)? How does it compare with the traditional costing methods? What are the benefits of activity-based costing?

Accepted Answer

Activity-based costing (ABC)traces costs

Question 9

The risks associated with over-production are likely of greatest concern to which company below?

Accepted Answer

A)  a cereal manufacturer 
B)  a manufacturer that produces designer clothing 
C)  a manufacturer of printer paper 
D)  a mailbox manufacturer 
A)  a cereal manufacturer 
B)  a manufacturer that produces designer clothing 
C)  a manufacturer of printer paper 
D)  a mailbox manufacturer

Question 10

How can PLM software improve the efficiency and effectiveness of the product design process?

Accepted Answer

A)  It can eliminate the costs associated with creating and destroying physical prototypes. 
B)  It can simulate how new products will be manufactured. 
C)  It can store all the data associated with all products. 
D)  All of the above 
A)  It can eliminate the costs associated with creating and destroying physical prototypes. 
B)  It can simulate how new products will be manufactured. 
C)  It can store all the data associated with all products. 
D)  All of the above

Question 11

MRP-II is to MRP,as lean manufacturing is to

Accepted Answer

A)  EOQ. 
B)  JIT. 
C)  push manufacturing. 
D)  reorder point. 
A)  EOQ. 
B)  JIT. 
C)  push manufacturing. 
D)  reorder point.

Question 12

Which of the following is not a benefit of activity-based costing?

Accepted Answer

A)  lower cost 
B)  better decisions 
C)  improved cost management 
D)  identification of cost drivers 
A)  lower cost 
B)  better decisions 
C)  improved cost management 
D)  identification of cost drivers

Question 13

Which process or activity relates to overproduction?

Accepted Answer

A)  product design 
B)  planning and scheduling 
C)  production operations 
D)  cost accounting 
A)  product design 
B)  planning and scheduling 
C)  production operations 
D)  cost accounting

Question 14

Identify a key feature associated with materials requirements planning.

Accepted Answer

A)  determining economic order quantity for all materials 
B)  minimizing or eliminating carrying and stockout costs 
C)  determining the optimal reorder points for all materials 
D)  reducing required inventory levels by scheduling production, rather than estimating needs 
A)  determining economic order quantity for all materials 
B)  minimizing or eliminating carrying and stockout costs 
C)  determining the optimal reorder points for all materials 
D)  reducing required inventory levels by scheduling production, rather than estimating needs

Question 15

Identify and discuss the two common methods of production planning.

Accepted Answer

The two common methods of production pla

Question 16

The best control procedure for accurate data entry is

Accepted Answer

A)  the use of on-line terminals. 
B)  an access control matrix. 
C)  passwords and user IDs. 
D)  automation of data collection. 
A)  the use of on-line terminals. 
B)  an access control matrix. 
C)  passwords and user IDs. 
D)  automation of data collection.

Question 17

The acronym "RFP" stands for what?

Accepted Answer

A)  Request for Project 
B)  Request for Processing 
C)  Request for Proposal 
D)  Request for Purchase 
A)  Request for Project 
B)  Request for Processing 
C)  Request for Proposal 
D)  Request for Purchase

Question 18

The threat of loss of data exposes the company to

Accepted Answer

A)  the loss of assets. 
B)  ineffective decision making. 
C)  inefficient manufacturing. 
D)  All of the above are correct. 
A)  the loss of assets. 
B)  ineffective decision making. 
C)  inefficient manufacturing. 
D)  All of the above are correct.

Question 19

Gulshan Parvana operates a machine shop in Istanbul,Turkey.She places bids on small projects in the metropolitan area.Which of the following is most likely to be a cost driver that should be considered when determining how to allocate utility costs?

Accepted Answer

A)  number of projects completed 
B)  number of units produced 
C)  number of labor hours 
D)  sales revenue 
A)  number of projects completed 
B)  number of units produced 
C)  number of labor hours 
D)  sales revenue

Question 20

Yasamin Roshni owns and operates a small deli in Miami,Florida..She maintains a file that lists the steps required to make each of her famous subs.These step-by-step instructions are examples of a(n)

Accepted Answer

A)  operations list. 
B)  bill of materials. 
C)  production order. 
D)  materials requisition. 
A)  operations list. 
B)  bill of materials. 
C)  production order. 
D)  materials requisition.

Exam 14: The Production Cycle

Identify and discuss the two documents that are the result of product design activities.

Traditionally,what did manufacturing firms use to track the amount of time a worker spends on each specific task?

The production cycle differs from the revenue and expenditure cycles for all the following reasons except

Which of the following is not a product design objective?

Elif Package Delivery determines the cost per delivery by summing the average cost of loading,unloading,transporting,and maintenance.What costing approach does Elif Package Delivery use?

How many side panels should the company budget for use in week two? Bill of Materials

What role does the AIS play in the production cycle?

What is activity-based costing (ABC)? How does it compare with the traditional costing methods? What are the benefits of activity-based costing?

The risks associated with over-production are likely of greatest concern to which company below?

How can PLM software improve the efficiency and effectiveness of the product design process?

MRP-II is to MRP,as lean manufacturing is to

Which of the following is not a benefit of activity-based costing?

Which process or activity relates to overproduction?

Identify a key feature associated with materials requirements planning.

Identify and discuss the two common methods of production planning.

The best control procedure for accurate data entry is

The acronym "RFP" stands for what?

The threat of loss of data exposes the company to

Gulshan Parvana operates a machine shop in Istanbul,Turkey.She places bids on small projects in the metropolitan area.Which of the following is most likely to be a cost driver that should be considered when determining how to allocate utility costs?

Yasamin Roshni owns and operates a small deli in Miami,Florida..She maintains a file that lists the steps required to make each of her famous subs.These step-by-step instructions are examples of a(n)

Accounting Information Systems: an Overview

Overview of Transaction Processing and Enterprise Resource Planning Systems

Systems Documentation Techniques

Relational Databases

Computer Fraud

Computer Fraud and Abuse Techniques

Control and Accounting Information Systems

Controls for Information Security

Confidentiality and Privacy Controls

Processing Integrity and Availability Controls

Auditing Computer-Based Information Systems

The Revenue Cycle: Sales to Cash Collections

The Expenditure Cycle: Purchasing to Cash Disbursements

The Human Resources Management and Payroll Cycle

General Ledger and Reporting System

Database Design Using the Rea Data Model

Implementing an Rea Model in a Relational Database

Special Topics in Rea Modeling

Introduction to Systems Development and Systems Analysis

Ais Development Strategies

Systems Design, implementation, and Operation

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