Question 1

The increased importance of costing activities in the value chain and determining the cost of different suppliers and customers has led to the emergence of

Accepted Answer

A)  OLAP. 
B)  EDI and supply chain management. 
C)  CAM. 
D)  theory of constraints. 
A)  OLAP. 
B)  EDI and supply chain management. 
C)  CAM. 
D)  theory of constraints.

Question 2

Which of the following would be considered a line function?

Accepted Answer

A)  production 
B)  maintenance 
C)  public relations 
D)  administrative services 
A)  production 
B)  maintenance 
C)  public relations 
D)  administrative services

Question 3

Extending the close of the fiscal year beyond December 31 so that some sales of next year are included in the current year would be a violation of which standard of ethical conduct for management accountants?

Accepted Answer

A)  competence 
B)  confidentiality 
C)  conformance 
D)  all of these 
A)  competence 
B)  confidentiality 
C)  conformance 
D)  all of these

Question 4

The role of accountants is to assist and support those responsible for carrying out an organization's
basic objectives.

Accepted Answer

The answer of The role of accountants is to assist...

Question 5

The process of choosing among competing alternatives is called decision making.

Accepted Answer

A) True 
 B)False

Question 6

Why has time become such an important factor in competition?

Accepted Answer

Reducing the time that it takes to act m

Question 7

Describe the two major subsystems of the Cost Management System and briefly summarize their importance.

Accepted Answer

A cost management system consists of two

Question 8

The role of cost and management accountants is one of support and teamwork and assistance of those who are responsible for achieving a company's basic objectives.

Accepted Answer

A) True 
 B)False

Question 9

The acceptance of a savings bond from a supplier would be a violation of which standard of ethical conduct for management accountants?

Accepted Answer

A)  confidentiality 
B)  integrity 
C)  reliability 
D)  none of these 
A)  confidentiality 
B)  integrity 
C)  reliability 
D)  none of these

Question 10

In just-in-time (JIT) manufacturing, each operation produces only what is necessary for the succeeding operations.

Accepted Answer

A) True 
 B)False

Question 11

Financial accounting information is used for

Accepted Answer

A)  investment decisions. 
B)  regulatory measures. 
C)  stewardship evaluation. 
D)  all of the above. 
A)  investment decisions. 
B)  regulatory measures. 
C)  stewardship evaluation. 
D)  all of the above.

Question 12

Employee and customer loyalty are NOT a result of strong codes of ethics.

Accepted Answer

A) True 
 B)False

Question 13

Disclosing all information, unfavorable as well as favorable, that could influence an intended user's understanding of reports, would relate to what section of the IMA Code of Conduct?

Accepted Answer

A)  competence 
B)  independence 
C)  integrity 
D)  credibility 
A)  competence 
B)  independence 
C)  integrity 
D)  credibility

Question 14

Divulging company information when not legally obligated to do so violates the confidentiality part of the IMA Code of Conduct.

Accepted Answer

A) True 
 B)False

Question 15

The cost management information system has two major subsystems: the cost accounting information system and the operational control information system.

Accepted Answer

A) True 
 B)False

Question 16

Discuss the advances of information technology and how these advances might affect the university education supply chain?

Accepted Answer

There are three significant advances rel

Question 17

The standards of ethical conduct for management accountants include

Accepted Answer

A)  competence and performance. 
B)  integrity and respect for others. 
C)  confidentiality, confidence, integrity, and observance. 
D)  competence, confidentiality, integrity, and credibility. 
A)  competence and performance. 
B)  integrity and respect for others. 
C)  confidentiality, confidence, integrity, and observance. 
D)  competence, confidentiality, integrity, and credibility.

Question 18

Enterprise resource planning (ERP) software has the objective of providing an integrated system capability and is able to run all the operations of a company.

Accepted Answer

A) True 
 B)False

Question 19

The IMA's program to recognize professional competence in the field of management accounting yields a
designation as a Accountant.

Accepted Answer

Certified

Question 20

Which of the following have been found to be TRUE?

Accepted Answer

A)  Firms that emphasize ethics outperform firms that don't emphasize ethics. 
B)  Those corporations that mention ethics in their management reports have lower than average performance. 
C)  Companies with a strong code of ethics and sense of integrity and honor will have trouble competing over the long run. 
D)  All of these. 
A)  Firms that emphasize ethics outperform firms that don't emphasize ethics. 
B)  Those corporations that mention ethics in their management reports have lower than average performance. 
C)  Companies with a strong code of ethics and sense of integrity and honor will have trouble competing over the long run. 
D)  All of these.

The increased importance of costing activities in the value chain and determining the cost of different suppliers and customers has led to the emergence of

Which of the following would be considered a line function?

Extending the close of the fiscal year beyond December 31 so that some sales of next year are included in the current year would be a violation of which standard of ethical conduct for management accountants?

The role of accountants is to assist and support those responsible for carrying out an organization's basic objectives.

The process of choosing among competing alternatives is called decision making.

Why has time become such an important factor in competition?

Describe the two major subsystems of the Cost Management System and briefly summarize their importance.

The role of cost and management accountants is one of support and teamwork and assistance of those who are responsible for achieving a company's basic objectives.

The acceptance of a savings bond from a supplier would be a violation of which standard of ethical conduct for management accountants?

In just-in-time (JIT) manufacturing, each operation produces only what is necessary for the succeeding operations.

Financial accounting information is used for

Employee and customer loyalty are NOT a result of strong codes of ethics.

Disclosing all information, unfavorable as well as favorable, that could influence an intended user's understanding of reports, would relate to what section of the IMA Code of Conduct?

Divulging company information when not legally obligated to do so violates the confidentiality part of the IMA Code of Conduct.

The cost management information system has two major subsystems: the cost accounting information system and the operational control information system.

Discuss the advances of information technology and how these advances might affect the university education supply chain?

The standards of ethical conduct for management accountants include

Enterprise resource planning (ERP) software has the objective of providing an integrated system capability and is able to run all the operations of a company.

The IMA's program to recognize professional competence in the field of management accounting yields a designation as a Accountant.

Which of the following have been found to be TRUE?

Basic Cost Management Concepts

Cost Behavior

Activity-Based Costing

Product and Service Costing: Job-Order System

Process Costing

Allocating Costs of Support Departments and Joint Products

Budgeting for Planning and Control

Standard Costing: a Functional-Based Control Approach

Decentralization: Responsibility, Accounting, Performance Evaluation, and Transfer Pricing

Strategic Cost Management

Activity-Based Management

The Balanced Scorecard: Strategic-Based Control

Quality and Environmental Cost Management

Lean Accounting and Productivity Measurement

Cost-Volume-Profit Analysis

Activity Resource Usage Model and Tactical Decision Making

Pricing and Profitability Analysis

Capital Investment

Inventory Management: Economic Order Quantity, Jit, and the Theory of Constraints

Filters

Exam 1: Introduction to Cost Management

The increased importance of costing activities in the value chain and determining the cost of different suppliers and customers has led to the emergence of

Which of the following would be considered a line function?

Extending the close of the fiscal year beyond December 31 so that some sales of next year are included in the current year would be a violation of which standard of ethical conduct for management accountants?

The role of accountants is to assist and support those responsible for carrying out an organization's basic objectives.

The process of choosing among competing alternatives is called decision making.

Why has time become such an important factor in competition?

Describe the two major subsystems of the Cost Management System and briefly summarize their importance.

The role of cost and management accountants is one of support and teamwork and assistance of those who are responsible for achieving a company's basic objectives.

The acceptance of a savings bond from a supplier would be a violation of which standard of ethical conduct for management accountants?

In just-in-time (JIT) manufacturing, each operation produces only what is necessary for the succeeding operations.

Financial accounting information is used for

Employee and customer loyalty are NOT a result of strong codes of ethics.

Disclosing all information, unfavorable as well as favorable, that could influence an intended user's understanding of reports, would relate to what section of the IMA Code of Conduct?

Divulging company information when not legally obligated to do so violates the confidentiality part of the IMA Code of Conduct.

The cost management information system has two major subsystems: the cost accounting information system and the operational control information system.

Discuss the advances of information technology and how these advances might affect the university education supply chain?

The standards of ethical conduct for management accountants include

Enterprise resource planning (ERP) software has the objective of providing an integrated system capability and is able to run all the operations of a company.

The IMA's program to recognize professional competence in the field of management accounting yields a designation as a Accountant.

Which of the following have been found to be TRUE?

Basic Cost Management Concepts

Cost Behavior

Activity-Based Costing

Product and Service Costing: Job-Order System

Process Costing

Allocating Costs of Support Departments and Joint Products

Budgeting for Planning and Control

Standard Costing: a Functional-Based Control Approach

Decentralization: Responsibility, Accounting, Performance Evaluation, and Transfer Pricing

Strategic Cost Management

Activity-Based Management

The Balanced Scorecard: Strategic-Based Control

Quality and Environmental Cost Management

Lean Accounting and Productivity Measurement

Cost-Volume-Profit Analysis

Activity Resource Usage Model and Tactical Decision Making

Pricing and Profitability Analysis

Capital Investment

Inventory Management: Economic Order Quantity, Jit, and the Theory of Constraints

Filters