customers is referred to as:
a. supply chain management.
b. theory of constraints.
c. lean manufacturing.
d. just-in-time manufacturing.
ANSWER: d
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-2 - LO: 01.02
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-25 - Managerial Characteristics/Terminology
United States - v1 - AICPA-06 - BB-Resource Management
United States - v1 - IMA-11 - Strategic Planning
KEYWORDS: Bloom's - Remembering
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:25 AM
DATE MODIFIED: 1/17/2017 10:30 PM
QUESTION ID: JFND-GO33-GINU-1T1B
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMJ3-CWHS-RAUB-CIOU-KPUD-
GRSS-CPDF-CESU-OCMG-GOSU-KCB3-GHSS-CCBA-CEAS-RCMB-E7JI-YT4D-JFNN-
Chapter 1
Copyright Cengage Learning. Powered by Cognero. Page 42
4OTI-GO4W-NQNBEE
77. Which of the following emerging trends in cost accounting deals with managers striving to create an environment that
will enable workers to manufacture perfect (zero-defect) products?
a. advances in information technology
b. time as a competitive element
c. global competition
d. total quality management
ANSWER: d
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-2 - LO: 01.02
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-25 - Managerial Characteristics/Terminology
United States - v1 - AICPA-06 - BB-Resource Management
United States - v1 - IMA-11 - Strategic Planning
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-1TT3
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMMG-CTUD-R3TZ-8YAU-YQJI-
GASS-KPBO-8YSU-KCDG-GOSS-CCJ1-CASU-1P3U-GR4U-QCJ3-E7JI-YT4D-JFNN-
4OTI-GO4W-NQNBEE
78. Competitive advantage is established by providing
a. more customer products than competitors.
b. better quality than competitors.
c. greater customer value for less cost than competitors.
d. greater efficiencies than competitors.
ANSWER: c
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-2 - LO: 01.02
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-25 - Managerial Characteristics/Terminology
United States - v1 - AICPA-01 - BB-Industry
United States - v1 - IMA-12 - Strategic Marketing
KEYWORDS: Bloom's - Understanding
NOTES: Time Estimate - 5 min.
Chapter 1
Copyright Cengage Learning. Powered by Cognero. Page 43
DATE CREATED: 10/7/2016 9:25 AM
DATE MODIFIED: 10/7/2016 9:25 AM
QUESTION ID: JFND-GO33-GINU-1TTA
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMMB-8R4D-QQJ1-GT1D-O3TI-GHSS-
EAJT-CRSU-YAJZ-GOSU-YATT-CCSU-1QB1-GJOU-YQMF-E7JI-YT4D-JFNN-4OTI-
GO4W-NQNBEE
79. Which of the following activities is NOT associated with new product development?
a. life-cycle costing
b. target costing
c. activity-based management
d. performance reports
ANSWER: d
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-2 - LO: 01.02
NATIONAL STANDARDS: United States - BUSPROG - Analytic
STATE STANDARDS: United States - v1 - ACBSP-APC-25 - Managerial Characteristics/Terminology
United States - v1 - AICPA-01 - BB-Industry
United States - v1 - IMA-12 - Strategic Marketing
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-1T1G
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMJZ-GPOS-CQBZ-8BUD-Q3UR-
CESU-EQBW-CRSS-NAUB-GOSU-RAMG-COSU-YC33-GJ1S-EQMG-E7JI-YT4D-JFNN-
4OTI-GO4W-NQNBEE
80. Total quality management emphasizes
a. zero defects.
b. continual improvement.
c. elimination of waste.
d. all of these.
ANSWER: d
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False