a.
designing and developing products and services
b.
producing products and services
c.
marketing and delivering products and services
d.
all of the above
ANSWER:
d
47. Relationships among activities that are performed within a firm's portion of the industrial value chain are
a.
internal linkages
b.
external linkages
c.
customer linkages
d.
none of the above
ANSWER:
a
48. Breakthroughs in technology this century have given rise to which one of the following effects?
a.
Direct materials have GREATLY decreased as a percentage of total manufacturing costs.
b.
Manufacturing overhead has only SLIGHTLY decreased as a percentage of total manufacturing costs.
c.
Direct labour has GREATLY decreased as a percentage of total manufacturing costs.
d.
Manufacturing overhead has GREATLY decreased as a percentage of total manufacturing costs.
ANSWER:
c
49. The overall objective of accounting information systems is to
a.
provide information to users.
b.
manage the organization.
c.
prepare financial reports.
d.
report to the government.
ANSWER:
a
50. The _____ is an accounting information subsystem that is primarily concerned with producing outputs for external users.
a.
cost management information system
b.
computer system
c.
internal accounting system
d.
financial accounting information system
ANSWER:
d
51. A(n) _____ is a computerized information system that strives to input data once and make it available to people across the company for different purposes.
a.
cost management information system
b.
enterprise resource planning system
c.
internal accounting system
d.
financial accounting information system
ANSWER:
b
52. Which of the following costs would be included in value-chain product costs?
a.
research and development
b.
production
c.
customer service
d.
all of the above
ANSWER:
d
53. Classify the activity of handling raw materials according to its value-chain category.
a.
developing
b.
designing
c.
producing
d.
distributing
ANSWER:
c
54. Management accounting:
a.
provides a framework to evaluate information in light of an organization's goals.
b.
provides relevant information to managers.
c.
provides relevant information to meet specific needs of persons inside the organization.
d.
all of the above
ANSWER:
d
55. Financial accounting information is least useful in providing:
a.
information for stating corporate wide goals.
b.
information for internal decision makers.
c.
periodic reports for shareholders.
d.
aggregate information about an organization's assets, obligations and performance.
ANSWER:
b
56. Management accounting is primarily concerned with:
a.
providing investors with useful information for valuing securities.
b.
providing creditors information on the status of their loans.
c.
providing managers with relevant information to help achieve organizational goals.
d.
providing the relevant taxation authorities with information to determine the amount of taxes owed.