United States - v1 - IMA-14 - Decision Analysis
KEYWORDS: Bloom's - Remembering
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:26 AM
DATE MODIFIED: 1/17/2017 10:33 PM
QUESTION ID: JFND-GO33-GINU-1O3S
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMJ3-CE3U-R3DB-CCAU-GPTT-CESU-
RAJI-8YSU-1AJ1-GOSS-RQJI-8RSS-K3TW-GR4U-QC3U-E7JI-YT4D-JFNN-4OTI-
GO4W-NQNBEE
106. Setting the company's profit targets for the upcoming year is an example of the management function of
a. planning.
b. control.
c. variance analysis.
d. internal auditing.
ANSWER: a
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-3 - LO: 01.03
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-14 - Decision Analysis
KEYWORDS: Bloom's - Understanding
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:26 AM
DATE MODIFIED: 10/7/2016 9:26 AM
QUESTION ID: JFND-GO33-GINU-1O3I
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMJO-CR5S-G3BT-8YHS-KP5F-GRSS-
RPDB-CRSS-G3BA-GOSU-OQJO-8RSS-GA5B-CITG-NAUB-E7JI-YT4D-JFNN-4OTI-
GO4W-NQNBEE
107. Developing a company strategy for responding to anticipated new markets is an example of
a. planning.
b. control.
c. performance evaluation.
d. all of these.
Chapter 1
Copyright Cengage Learning. Powered by Cognero. Page 59
ANSWER: a
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-3 - LO: 01.03
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-14 - Decision Analysis
KEYWORDS: Bloom's - Understanding
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:26 AM
DATE MODIFIED: 10/7/2016 9:26 AM
QUESTION ID: JFND-GO33-GINU-1O3W
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMJW-GY4S-RCMD-GBOU-CPJS-
CRSS-N3BO-CESU-KC5F-GOSU-EPMF-COSS-KA3S-GITS-E3DN-E7JI-YT4D-JFNN-
4OTI-GO4W-NQNBEE
108. The planning process includes
a. setting objectives.
b. identifying means of achieving the objectives.
c. making decisions.
d. all of these.
ANSWER: d
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-3 - LO: 01.03
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-14 - Decision Analysis
KEYWORDS: Bloom's - Remembering
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:26 AM
DATE MODIFIED: 10/7/2016 9:26 AM
QUESTION ID: JFND-GO33-GINU-1TNN
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMMD-CF1G-EA3I-GB1G-GCT3-
GRSU-CQMR-CRSU-Q3MN-GOSU-NATT-GHSS-CQJI-CE5D-OC3O-E7JI-YT4D-JFNN-
4OTI-GO4W-NQNBEE
Chapter 1
Copyright Cengage Learning. Powered by Cognero. Page 60
109. Investigating production variances and adjusting the production process is an example of
a. planning.
b. control.
c. internal auditing.
d. both a and c.
ANSWER: b
POINTS: 1
DIFFICULTY: Moderate
QUESTION TYPE: Multiple Choice
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-3 - LO: 01.03
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-14 - Decision Analysis
KEYWORDS: Bloom's - Understanding
NOTES: Time Estimate - 5 min.
DATE CREATED: 10/7/2016 9:26 AM
DATE MODIFIED: 10/7/2016 9:26 AM
QUESTION ID: JFND-GO33-GINU-1TNB
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMMB-GP1S-NQBW-8Y5G-CAUN-
CASS-EQBZ-8RSS-KAJ1-GOSU-E3TO-CCSU-GPT1-CW4U-GPJU-E7JI-YT4D-JFNN-
4OTI-GO4W-NQNBEE
110. In a performance report, the
a. differences between actual costs and allowed costs are always undesirable.