functions performed by managers.
Which of the following is NOT a value propositions discussed in the text?
Customer intimacy
Discount pricing
Operational excellence
Innovation
References
Multiple Choice Difficulty: Medium Learning Objective: 01-01 Describe the
functions performed by managers.
13.
Award: 10.00 points
14.
Award: 10.00 points
Which one of the following is NOT an example of corporate social responsibility?
Safe, high- quality products that are fairly priced.
Full disclosure of product related risks.
Opportunities for training, promotion, and personal development.
Easy-to-use information systems for shopping and tracking orders.
References
Multiple Choice Difficulty: Medium Learning Objective: 01-05 Explain the
elements of corporate social responsibility.
Which one of the following is NOT an activity in the controlling stage?
Comparing actual to planned performance.
Preparing an estimate for raw materials are released to production.
Preparing performance reports
Measuring performance
References
Multiple Choice Difficulty: Medium Learning Objective: 01-01 Describe the
functions performed by managers.
15.
Award: 10.00 points
16.
Award: 10.00 points
Which of the following is NOT an example of a business risk?
Products harming customers.
A website malfunctioning.
A customer value proposition.
An employee accessing unauthorized information.
References
Multiple Choice Difficulty: Medium Learning Objective: 01-03 Explain the basic
concept of enterprise risk management.
Professional accounting body in Canada (CPA) require their members to undertake professional
development and/or continuing education. This practice is intended to directly satisfy which of these
rules of ethical conduct in line with other code of ethics?
Integrity.
Objectivity.
Competence.
Confidentiality.
References
Multiple Choice Difficulty: Medium Learning Objective: 01-04 Explain the
nature and importance of ethics for
accountants.
17.
Award: 10.00 points
18.
Award: 10.00 points
Samantha Galloway is a managerial accountant in the accounting department of Mustang Industries,
Inc. Samantha has just discovered evidence that some of the corporation's marketing managers have
been wrongfully inflating their expense reports to obtain higher reimbursements from the firm. What
should Samantha do upon discovering this evidence?
Notify the controller.
Notify the marketing managers involved.
Notify the president of the corporation.
Ignore the evidence because she is not part of the Marketing Department.
References
Multiple Choice Difficulty: Hard Learning Objective: 01-04 Explain the
nature and importance of ethics for
accountants.
Both financial and managerial accounting rely on the same underlying financial data but there are major
differences. Managerial Accounting:
emphasizes financial consequences of past activities.
emphasizes precision.
emphasizes relevance.
must follow IFRS.
References
Multiple Choice Difficulty: Medium Learning Objective: 01-02 Identify the
major differences and similarities between
financial and managerial accounting.
19.
Award: 10.00 points
20.
Award: 10.00 points
Ajit, the production manager at Guelph Manufacturing Company decided to choose a supplier with a
proven track record instead of a new supplier that offers significant price incentives. This is an example
of:
Risk avoiding
Risk accepting
Risk sharing
Risk taking
References
Multiple Choice Difficulty: Hard Learning Objective: 01-03 Explain the basic
concept of enterprise risk management.
Series of steps that are followed to carry out some task or activity in a business is called:
Business cycle.
Business activity.
Business process.
Business strategy.
References
Multiple Choice Difficulty: Easy Learning Objective: 01-03 Explain the basic
concept of enterprise risk management.
21.
Award: 10.00 points
22.
Award: 10.00 points
Which of the following groups should be the focal point of a company's strategy?
Employees
Board of directors
Shareholders
Target customers
References