Managerial Accounting: Creating Value in a Dynamic Business Environment 12th Edition by Ronald Hilto
marketing.
all of the answers are correct.
The value chain of a manufacturer would include all of the activities listed.
References
Multiple Choice Difficulty: 1 Easy Learning Objective: 01-07 Understand
and explain the value chain concept.
72.
Award: 1.00 point
73.
Award: 1.00 point
Cost management systems tend to focus on an organization's:
machines.
employees.
activities.
customers.
rules and regulations.
Cost management systems focus on activities.
References
Multiple Choice Difficulty: 1 Easy Learning Objective: 01-08 Explain how
investments in capacity affect managerial
decision making.
The upper limit on the production of goods and services if everything works perfectly is known as:
practical capacity.
theoretical capacity.
utilized capacity.
management capacity.
capacity maximization.
Theoretical capacity is the upper limit of production, if everything works perfectly.
References
Multiple Choice Difficulty: 1 Easy Learning Objective: 01-08 Explain how
investments in capacity affect managerial
decision making.
74.
Award: 1.00 point
75.
Award: 1.00 point
The capacity concept that allows for normal occurrences such as machine downtime and employee
fatigue is known as:
practical capacity.
theoretical capacity.
utilized capacity.
management capacity.
capacity maximization.
Practical capacity allows for normal occurrences such as downtime and fatigue.
References
Multiple Choice Difficulty: 1 Easy Learning Objective: 01-08 Explain how
investments in capacity affect managerial
decision making.
The cost of resources supplied but unused is known as:
practical capacity costs.
the cost of theoretical capacity.
the cost of unused capacity.
the cost of resources supplied.
capacity cost.
This is the definition of the cost of unused capacity.
References
Multiple Choice Difficulty: 1 Easy Learning Objective: 01-08 Explain how
investments in capacity affect managerial
decision making.
76.
Award: 1.00 point
Given the following information, what is the total cost of unused capacity? Cost of material supplied
is $3,200; Cost of material used is $3,000; Cost of material used per cake is $3; Cost of material
supplied per cake is $3.20.
$0.20.
$200.
$2,000.
$1,000.
There is no unused capacity.
Cost supplied − Cost used = Cost of unused capacity; $3,200 − 3,000 = $200.
References
Multiple Choice Difficulty: 3 Hard Learning Objective: 01-08 Explain how
investments in capacity affect managerial
decision making.
77.
Award: 1.00 point
Given the following information, what is the cost of unused capacity? Cost of material supplied is
$8,600; Cost of material used is $8,000; Cost of material used per shelf is $8; Cost of material
supplied per shelf is $8.60.
$600.
$6,000.
$0.60.
$1,000.
There is no unused capacity.
Cost supplied − Cost used = Cost of unused capacity; $8,600 − 8,000 = $600.
References
Multiple Choice Difficulty: 3 Hard Learning Objective: 01-08 Explain how
investments in capacity affect managerial
decision making.
78.
Award: 1.00 point
What is the most important factor that has allowed companies to move from recording data to
analyze it in order to gain significant insight into the entire value chain of an organization?
relaxed data privacy laws.
the increase in cell phones.
powerful, low-cost technology.
cross-functional teams.
low-cost nuclear power.
Powerful and relatively low-cost technology has allowed companies to put their data to work in
understanding the value chain.
References
Multiple Choice Difficulty: 3 Hard Learning Objective: 01-09 Understand
and explain big data and data analytics
and how they interact with managerial
accounting.
79.
Award: 1.00 point
The vast amount of data generated by an organization along with supplemental data that can
provide context for the internal data is known together as:
big data.
data governance.
data analytics.
data science.
data estimation.
This is the definition of big data.
References
Multiple Choice Difficulty: 1 Easy Learning Objective: 01-09 Understand