Question 1

Why is the inclusion of 'environmental performance' likely to become more common in a firm's balanced scorecard?

Accepted Answer

A)  Balanced scorecard must include all stakeholder interests to be complete. 
B)  It is likely that environmental sustainability is one of a firm's strategic priorities. 
C)  Balanced scorecard acknowledges that it is no longer adequate to focus on the major stakeholder (the firm's owner(s)). 
D)  Balanced scorecard acknowledges that numerous stakeholders are important for business success. 
A)  Balanced scorecard must include all stakeholder interests to be complete. 
B)  It is likely that environmental sustainability is one of a firm's strategic priorities. 
C)  Balanced scorecard acknowledges that it is no longer adequate to focus on the major stakeholder (the firm's owner(s)). 
D)  Balanced scorecard acknowledges that numerous stakeholders are important for business success.

Question 2

The following is a list of the five tiers of environmental costs.Which of them are described as 'private costs'?
i.Conventional
ii.Hidden
iii.Contingent
iv.Relationship and image
v.Societal

Accepted Answer

A)  i and ii 
B)  i,ii and iii 
C)  i,ii,iii and iv 
D)  All of the given answers 
A)  i and ii 
B)  i,ii and iii 
C)  i,ii,iii and iv 
D)  All of the given answers

Question 3

Which of the following types of environmental costs is the most difficult to quantify?

Accepted Answer

A)  External failure 
B)  Internal failure 
C)  Prevention 
D)  Appraisal 
A)  External failure 
B)  Internal failure 
C)  Prevention 
D)  Appraisal

Question 4

Management accounting techniques that feature in environmental management accounting include:

Accepted Answer

A)  environmental performance measures 
B)  life-cycle costing 
C)  environmental variance analysis 
D)  environmental performance measures AND life-cycle costing 
A)  environmental performance measures 
B)  life-cycle costing 
C)  environmental variance analysis 
D)  environmental performance measures AND life-cycle costing

Question 5

From the following,calculate the amount of relationship and image environmental costs.

Accepted Answer

A)  $350 000 
B)  $355 000 
C)  $110 000 
D)  $550 000 
A)  $350 000 
B)  $355 000 
C)  $110 000 
D)  $550 000

Question 6

Because environmental issues span the extended value chain of the firm,environmental management accounting uses supply chain management by:

Accepted Answer

A)  identifying and using environmentally sensitive suppliers 
B)  assisting customers with environmentally sensitive disposal of the firm's goods 
C)  considering cost savings by using customer profitability analysis 
D)  identifying and using environmentally sensitive suppliers AND assisting customers with environmentally sensitive disposal of the firm's goods 
A)  identifying and using environmentally sensitive suppliers 
B)  assisting customers with environmentally sensitive disposal of the firm's goods 
C)  considering cost savings by using customer profitability analysis 
D)  identifying and using environmentally sensitive suppliers AND assisting customers with environmentally sensitive disposal of the firm's goods

Question 7

Intangible benefits associated with environmental sustainability activities are always quite easy to quantify.

Accepted Answer

A) True 
 B)False

Question 8

Under ISO14031,which of the following is an operational performance indicator?

Accepted Answer

A)  Percentage of raw materials that are from recycled sources 
B)  Air quality surrounding a company's main factories 
C)  The dollar amount spent on developing staff environmental awareness training programs 
D)  Percentage of suppliers checked for corruption charges 
A)  Percentage of raw materials that are from recycled sources 
B)  Air quality surrounding a company's main factories 
C)  The dollar amount spent on developing staff environmental awareness training programs 
D)  Percentage of suppliers checked for corruption charges

Question 9

Which of the following is an example of a 'monitoring' environmental cost?

Accepted Answer

A)  Inspecting waste-handling procedures 
B)  Clean-up costs (both on- and off-site) 
C)  Staff training-waste reduction techniques 
D)  Improving production design to reduce toxic waste 
A)  Inspecting waste-handling procedures 
B)  Clean-up costs (both on- and off-site) 
C)  Staff training-waste reduction techniques 
D)  Improving production design to reduce toxic waste

Question 10

Which of the following costs is included in the five tiers of environmental costs?

Accepted Answer

A)  External 
B)  Prime 
C)  Hidden 
D)  Conversion 
A)  External 
B)  Prime 
C)  Hidden 
D)  Conversion

Question 11

Management accountants are rapidly moving towards a system of not only identifying cost drivers,but also identifying carbon drivers in an effort to work efficiently within the carbon-constrained environment of this decade.

Accepted Answer

A) True 
 B)False

Why is the inclusion of 'environmental performance' likely to become more common in a firm's balanced scorecard?

The following is a list of the five tiers of environmental costs.Which of them are described as 'private costs'? i.Conventional ii.Hidden iii.Contingent iv.Relationship and image v.Societal

Which of the following types of environmental costs is the most difficult to quantify?

Management accounting techniques that feature in environmental management accounting include:

From the following,calculate the amount of relationship and image environmental costs.

Because environmental issues span the extended value chain of the firm,environmental management accounting uses supply chain management by:

Intangible benefits associated with environmental sustainability activities are always quite easy to quantify.

Under ISO14031,which of the following is an operational performance indicator?

Which of the following is an example of a 'monitoring' environmental cost?

Which of the following costs is included in the five tiers of environmental costs?

Management accountants are rapidly moving towards a system of not only identifying cost drivers,but also identifying carbon drivers in an effort to work efficiently within the carbon-constrained environment of this decade.

Management Accounting: Information for Creating Value and Managing Resources

Management Accounting: Cost Terms and Concepts

Cost Behaviour, Cost Drivers and Cost Estimation

Product Costing Systems

Process Costing and Operation Costing

Service Costing

A Closer Look at Overhead Costs

Activity-Based Costing

Budgeting Systems

Standard Costs for Control: Direct Material and Direct Labour

Standard Costs for Control: Flexible Budgets and Manufacturing Overhead

Managing and Reporting Performance

Financial Performance Measures and Incentive Schemes

Strategic Performance Measurement Systems

Managing Suppliers and Customers

Managing Costs and Quality

Cost Volume Profit Analysis

Information for Decisions: Relevant Costs and Benefits

Pricing and Product Mix Decisions

Information for Capital Expenditure Decisions

Filters

Exam 17: Sustainability and Management Accounting

Why is the inclusion of 'environmental performance' likely to become more common in a firm's balanced scorecard?

The following is a list of the five tiers of environmental costs.Which of them are described as 'private costs'? i.Conventional ii.Hidden iii.Contingent iv.Relationship and image v.Societal

Which of the following types of environmental costs is the most difficult to quantify?

Management accounting techniques that feature in environmental management accounting include:

From the following,calculate the amount of relationship and image environmental costs.

Because environmental issues span the extended value chain of the firm,environmental management accounting uses supply chain management by:

Intangible benefits associated with environmental sustainability activities are always quite easy to quantify.

Under ISO14031,which of the following is an operational performance indicator?

Which of the following is an example of a 'monitoring' environmental cost?

Which of the following costs is included in the five tiers of environmental costs?

Management accountants are rapidly moving towards a system of not only identifying cost drivers,but also identifying carbon drivers in an effort to work efficiently within the carbon-constrained environment of this decade.

Management Accounting: Information for Creating Value and Managing Resources

Management Accounting: Cost Terms and Concepts

Cost Behaviour, Cost Drivers and Cost Estimation

Product Costing Systems

Process Costing and Operation Costing

Service Costing

A Closer Look at Overhead Costs

Activity-Based Costing

Budgeting Systems

Standard Costs for Control: Direct Material and Direct Labour

Standard Costs for Control: Flexible Budgets and Manufacturing Overhead

Managing and Reporting Performance

Financial Performance Measures and Incentive Schemes

Strategic Performance Measurement Systems

Managing Suppliers and Customers

Managing Costs and Quality

Cost Volume Profit Analysis

Information for Decisions: Relevant Costs and Benefits

Pricing and Product Mix Decisions

Information for Capital Expenditure Decisions

Filters