NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-10 - FN-Measurement
United States - v1 - IMA-08 - Information Management
KEYWORDS: Bloom's - Understanding
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:25 AM
DATE MODIFIED: 10/7/2016 9:25 AM
QUESTION ID: JFND-GO33-GINU-1QJT
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMJI-GHHG-C3MR-C3TU-QP5G-
GCSU-CAMF-8YSU-QA5G-GOSU-OPT3-CRSU-OQJA-GO3D-RCUG-E7JI-YT4D-JFNN-
4OTI-GO4W-NQNBEE
Chapter 1
Copyright Cengage Learning. Powered by Cognero. Page 28
52. Cost accounting
a. is concerned with assigning costs to various cost objects.
b. attempts to satisfy the costing objectives of both financial accounting and management accounting.
c. provides cost information that supports planning, controlling, and decision making.
d. all of these.
ANSWER: d
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-1 - LO: 01.01
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-08 - FN-Decision Modeling
United States - v1 - IMA-07 - Cost Management
KEYWORDS: Bloom's - Understanding
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:25 AM
DATE MODIFIED: 10/7/2016 9:25 AM
QUESTION ID: JFND-GO33-GINU-1QJO
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMMG-GW4D-KQDF-GHAU-GCUD-
GRSS-CQBW-8RSU-EC5R-GOSS-GQBI-8YSU-QP5G-GPTS-KQJZ-E7JI-YT4D-JFNN-
4OTI-GO4W-NQNBEE
53. Cost management is concerned with producing outputs for _____.
a. internal managers
b. creditors
c. investors
d. regulatory authorities
ANSWER: a
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-1 - LO: 01.01
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-10 - FN-Measurement
United States - v1 - IMA-07 - Cost Management
KEYWORDS: Bloom's - Remembering
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:25 AM
DATE MODIFIED: 1/17/2017 1:46 AM
Chapter 1
Copyright Cengage Learning. Powered by Cognero. Page 29
QUESTION ID: JFND-GO33-GINU-1QJZ
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMMN-CF1U-YAMD-8YHU-OPDF-
8RSU-13MD-CRSU-YPTI-GOSS-EP3S-GCSU-OPMF-CC4U-YA5R-E7JI-YT4D-JFNN-
4OTI-GO4W-NQNBEE
54. The type of management which broadens the focus of accounting because it is concerned with factors that drive costs,
such as cycle time and process productivity is called:.
a. Cost accounting
b. Cost management
c. Financial management
d. Financial accounting
ANSWER: b
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-1 - LO: 01.01
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-10 - FN-Measurement
United States - v1 - IMA-07 - Cost Management
KEYWORDS: Bloom's - Remembering
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:25 AM
DATE MODIFIED: 10/7/2016 9:25 AM
QUESTION ID: JFND-GO33-GINU-1QJS
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMJW-CPTG-ECJI-GHHU-GC5R-
CWSU-CCDD-8RSS-RCUB-GOSU-YPMF-COSS-GA5D-C3UG-EPJA-E7JI-YT4D-JFNN-
4OTI-GO4W-NQNBEE
55. Which of the following activities is NOT associated with the cost management information system?
a. preparing a cost of quality report
b. preparing a performance report that compares actual costs to budgeted costs
c. determining the cost of a customer
d. using future expected earnings to estimate the price of a share of common stock
ANSWER: d
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-1 - LO: 01.01
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
Chapter 1
Copyright Cengage Learning. Powered by Cognero. Page 30