b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: COCM.HANS.18.1-2 - LO: 01.02
NATIONAL STANDARDS: United States - BUSPROG - Technology
STATE STANDARDS: United States - v1 - ACBSP-APC-26 - Management Functions
United States - v1 - AICPA-09 - FN-Leveraging Technology
United States - v1 - IMA-08 - Information 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-1O1B
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMMD-G7TS-NP33-CEHD-E3TT-GESU-
YPJW-CESU-CQJA-GOSS-KQJ3-GRSU-Q3JU-GO3U-E3MB-E7JI-YT4D-JFNN-4OTI-
GO4W-NQNBEE
11. In just-in-time (JIT) manufacturing, each operation produces only what is necessary for the succeeding operations.
a. True
b. False
ANSWER: True
Chapter 1
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POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
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-26 - Management Functions
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-1OT3
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMJW-GFOU-CPTS-GOHU-GPTS-
GESU-KA3W-8RSU-GPJZ-GOSS-R3DF-CESU-YPBT-GYHD-GCMR-E7JI-YT4D-JFNN-
4OTI-GO4W-NQNBEE
12. JIT is a critical part of a more comprehensive approach referred to as Lean Manufacturing.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
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-26 - Management Functions
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: 10/7/2016 9:25 AM
QUESTION ID: JFND-GO33-GINU-1OTA
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMJZ-8RHS-CAJ1-GJTU-GP5R-CESU-
K3JZ-CRSU-CPB3-GOSS-NCUB-8RSU-K3JS-GCHU-GCTI-E7JI-YT4D-JFNN-4OTI-
GO4W-NQNBEE
13. The focus of Lean Manufacturing is to eliminate waste, which is anything that does not add value to the end user
(customer).
a. True
b. False
Chapter 1
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ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
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-26 - Management Functions
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-1O1G
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-
GOHN-43JW-GAHU-1CTT-GIDI-GWN8-EPRW-EMJI-GR4S-EQDN-CJTD-NPDN-8RSU-
NQJZ-CRSS-CCT3-GOSS-ECDR-CWSU-OA3O-8Y4U-N3JT-E7JI-YT4D-JFNN-4OTI-
GO4W-NQNBEE
14. The role of cost and management accountants is one of support and teamwork and assistance of those who are
responsible for achieving a company's basic objectives.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
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-10 - FN-Measurement
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: 1/2/2017 3:00 AM
QUESTION ID: JFND-GO33-GINU-1O1F
QUESTION GLOBAL ID: GCID-E7BW-1TBP-CTTU-Y3DF-GCHD-Q3DD-8Y41-4CUR-GRH1-43UR-GO4N-43UG-