Question 1

A broad view of management control might encompass which of the following?

Accepted Answer

A)  planning 
B)  coordination 
C)  communication 
D)  all of the above 
A)  planning 
B)  coordination 
C)  communication 
D)  all of the above D

Question 2

Which of these is a key influence on the nature of control systems in the Simons's 'levers of control' framework ?

Accepted Answer

A)  belief systems 
B)  boundary systems 
C)  diagnostic systems 
D)  a and b 
A)  belief systems 
B)  boundary systems 
C)  diagnostic systems 
D)  a and b D

Question 3

Managers consider a few general strategy types in their decision making processes, including:

Accepted Answer

A)  I and II only 
B)  II and III only 
C)  I and III only 
D)  I, II, and III 
A)  I and II only 
B)  II and III only 
C)  I and III only 
D)  I, II, and III A

Question 4

A future direction which enables the focusing of an organisation's resources and decision making around a common theme, is a definition of:

Accepted Answer

A)  planning 
B)  budgeting 
C)  control 
D)  strategy 
A)  planning 
B)  budgeting 
C)  control 
D)  strategy

Question 5

The 'lean' accounting principle is:

Accepted Answer

A)  just in time inventory management 
B)  cost volume profit 
C)  capital budgeting 
D)  all are lean accounting principles 
A)  just in time inventory management 
B)  cost volume profit 
C)  capital budgeting 
D)  all are lean accounting principles

Question 6

Management accounting is now seen as a useful vehicle by which to implement economic theory and social and environmental change.

Accepted Answer

A) True 
 B)False

Question 7

Under the Kaplan and Norton strategy map framework preparing budgets comes under which stage?

Accepted Answer

A)  Developing the strategy 
B)  Translating the strategy 
C)  Planning operations 
D)  Monitoring and learning 
A)  Developing the strategy 
B)  Translating the strategy 
C)  Planning operations 
D)  Monitoring and learning

Question 8

The person(s) most closely associated with the 'levers of control framework' that has informed study in the area of management accounting and control is:

Accepted Answer

A)  Otley 
B)  Simons 
C)  Kaplan and Norton 
D)  Ittner and Larcker 
A)  Otley 
B)  Simons 
C)  Kaplan and Norton 
D)  Ittner and Larcker

Question 9

Friedman's 'flattners' involve accelerating the connecting of the unconnected.

Accepted Answer

A) True 
 B)False

Question 10

In management accounting, designing and managing global networks, controlling them through techniques such as empowerment and creating value through integration is know as:

Accepted Answer

A)  flat earth theory 
B)  network orchestration 
C)  management control 
D)  inter-globalisation 
A)  flat earth theory 
B)  network orchestration 
C)  management control 
D)  inter-globalisation

Question 11

Which of these is not one of the key questions in Otley's performance management systems framework?

Accepted Answer

A)  What are the key success factors? 
B)  What are the key performance measures? 
C)  What products or services does the organisation provide 
D)  None of the above, i.e. all are key questions 
A)  What are the key success factors? 
B)  What are the key performance measures? 
C)  What products or services does the organisation provide 
D)  None of the above, i.e. all are key questions

Question 12

Prior to the 1980's accounting for internal control did not have a strategic component.

Accepted Answer

A) True 
 B)False

Question 13

Porter classifies strategy into either cost leadership or product differentiation.

Accepted Answer

A) True 
 B)False

Question 14

Lean accounting initiatives are based on the belief that only a small fraction of the total time and effort in an organisation actually adds value for the end customer.

Accepted Answer

A) True 
 B)False

Question 15

Contemporary management accounting topics include all of these, except:

Accepted Answer

A)  risk management control 
B)  sustainable accounting 
C)  central planning versus an unplanned economy 
D)  none of the above, i.e. all of these topics are covered by contemporary management accounting 
A)  risk management control 
B)  sustainable accounting 
C)  central planning versus an unplanned economy 
D)  none of the above, i.e. all of these topics are covered by contemporary management accounting

Question 16

Rather than having a backward focus strategic management accounting looks to the future.

Accepted Answer

A) True 
 B)False

Question 17

Under the Ittner and Larcker management framework which of these is not a limitation of using Economic Value Added (EVA) as a measure of value added by management?

Accepted Answer

A)  It is a measure of the past 
B)  It is based on short-term performance 
C)  EVA can only be calculated for stock exchange listed companies. 
D)  None of the above, i.e. all are limitations 
A)  It is a measure of the past 
B)  It is based on short-term performance 
C)  EVA can only be calculated for stock exchange listed companies. 
D)  None of the above, i.e. all are limitations

Question 18

'Control' in the text, is commonly used as a short-form term for managerial control and/or managerial control system tools.

Accepted Answer

A) True 
 B)False

Question 19

A Friedman's 'flattner' in his discussion of 'flat world' theory is:

Accepted Answer

A)  the rise of the personal computer 
B)  the development of the Internet 
C)  outsourcing 
D)  all of the above are 'flattners'. 
A)  the rise of the personal computer 
B)  the development of the Internet 
C)  outsourcing 
D)  all of the above are 'flattners'.

Question 20

Strategy can be viewed at which level?

Accepted Answer

A)  Corporate level 
B)  Business unit level 
C)  Task level 
D)  both a and b 
A)  Corporate level 
B)  Business unit level 
C)  Task level 
D)  both a and b

A broad view of management control might encompass which of the following?

Which of these is a key influence on the nature of control systems in the Simons's 'levers of control' framework ?

Managers consider a few general strategy types in their decision making processes, including:

A future direction which enables the focusing of an organisation's resources and decision making around a common theme, is a definition of:

The 'lean' accounting principle is:

Management accounting is now seen as a useful vehicle by which to implement economic theory and social and environmental change.

Under the Kaplan and Norton strategy map framework preparing budgets comes under which stage?

The person(s) most closely associated with the 'levers of control framework' that has informed study in the area of management accounting and control is:

Friedman's 'flattners' involve accelerating the connecting of the unconnected.

In management accounting, designing and managing global networks, controlling them through techniques such as empowerment and creating value through integration is know as:

Which of these is not one of the key questions in Otley's performance management systems framework?

Prior to the 1980's accounting for internal control did not have a strategic component.

Porter classifies strategy into either cost leadership or product differentiation.

Lean accounting initiatives are based on the belief that only a small fraction of the total time and effort in an organisation actually adds value for the end customer.

Contemporary management accounting topics include all of these, except:

Rather than having a backward focus strategic management accounting looks to the future.

Under the Ittner and Larcker management framework which of these is not a limitation of using Economic Value Added (EVA) as a measure of value added by management?

'Control' in the text, is commonly used as a short-form term for managerial control and/or managerial control system tools.

A Friedman's 'flattner' in his discussion of 'flat world' theory is:

Strategy can be viewed at which level?

The Role of Accounting Information in Management Decision Making

Cost Concepts, Behaviour and Estimation

A Costing Framework and Cost Allocation

Cost-Volume-Profit Cvp Analysis

Job Costing Systems

Process Costing Systems

Absorption, Variable and Throughput Costing

Activity Analysis: Costing and Management

Relevant Costs for Decision Making

Standard Costs, Flexible Budgets and Variance Analysis

Operational Budgets

Planning and Budgeting for Strategic Success

Capital Budgeting and Strategic Investment Decisions

The Strategic Management of Costs and Revenues

Strategic Management Control: a Lean Perspective

Responsibility Accounting, Performance Evaluation and Transfer Pricing

The Balanced Scorecard and Strategy Maps

Rewards, Incentives and Risk Management

Sustainability Management Accounting

Filters

Exam 12: Strategy and Control

A broad view of management control might encompass which of the following?

Which of these is a key influence on the nature of control systems in the Simons's 'levers of control' framework ?

Managers consider a few general strategy types in their decision making processes, including:

A future direction which enables the focusing of an organisation's resources and decision making around a common theme, is a definition of:

The 'lean' accounting principle is:

Management accounting is now seen as a useful vehicle by which to implement economic theory and social and environmental change.

Under the Kaplan and Norton strategy map framework preparing budgets comes under which stage?

The person(s) most closely associated with the 'levers of control framework' that has informed study in the area of management accounting and control is:

Friedman's 'flattners' involve accelerating the connecting of the unconnected.

In management accounting, designing and managing global networks, controlling them through techniques such as empowerment and creating value through integration is know as:

Which of these is not one of the key questions in Otley's performance management systems framework?

Prior to the 1980's accounting for internal control did not have a strategic component.

Porter classifies strategy into either cost leadership or product differentiation.

Lean accounting initiatives are based on the belief that only a small fraction of the total time and effort in an organisation actually adds value for the end customer.

Contemporary management accounting topics include all of these, except:

Rather than having a backward focus strategic management accounting looks to the future.

Under the Ittner and Larcker management framework which of these is not a limitation of using Economic Value Added (EVA) as a measure of value added by management?

'Control' in the text, is commonly used as a short-form term for managerial control and/or managerial control system tools.

A Friedman's 'flattner' in his discussion of 'flat world' theory is:

Strategy can be viewed at which level?

The Role of Accounting Information in Management Decision Making

Cost Concepts, Behaviour and Estimation

A Costing Framework and Cost Allocation

Cost-Volume-Profit Cvp Analysis

Job Costing Systems

Process Costing Systems

Absorption, Variable and Throughput Costing

Activity Analysis: Costing and Management

Relevant Costs for Decision Making

Standard Costs, Flexible Budgets and Variance Analysis

Operational Budgets

Planning and Budgeting for Strategic Success

Capital Budgeting and Strategic Investment Decisions

The Strategic Management of Costs and Revenues

Strategic Management Control: a Lean Perspective

Responsibility Accounting, Performance Evaluation and Transfer Pricing

The Balanced Scorecard and Strategy Maps

Rewards, Incentives and Risk Management

Sustainability Management Accounting

Filters