管理会计Managerial accounting习题 Chapter 01

True/False Questions1. Managerial accounting places less emphasis on precision and more emphasis onflexibility and relevance than financial accounting.Answer: True AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Measurement LO: 1 Level: Medium2. Managerial accounting is not governed by generally accepted accounting principles(GAAP).Answer: True AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Decision Making, Measurement LO: 1 Level: Easy3. Financial accounting and managerial accounting reports must be prepared inaccordance with generally accepted accounting principles (GAAP).Answer: False AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Measurement LO: 1 Level: Easy4. When carrying out their directing and motivating activities, managers mobilize theorganization's human and other resources so that the organization's plans are carried out.Answer: True AACSB: Reflective Thinking AICPA BB: Resource Management,Critical Thinking AICPA FN: Decision Making LO: 2 Level: Easy5. When carrying out planning activities, managers rely on feedback to ensure that the planis actually carried out and is appropriately modified as circumstances change.Answer: False AACSB: Reflective Thinking AICPA BB: Resource ManagementAICPA FN: Decision Making LO: 2 Level: Medium6. When carrying out their directing and motivating activities, managers select a course ofaction and specify how the action will be implemented.Answer: False AACSB: Reflective Thinking AICPA BB: Resource ManagementAICPA FN: Decision Making LO: 2 Level: Medium7. Persons occupying staff positions provide support and assistance to other parts of theorganization.Answer: True AACSB: Reflective Thinking AICPA BB: Resource Management AICPA FN: Decision Making LO: 2 Level: Easy8. Staff departments generally have direct authority over line departments in anorganization.Answer: False AACSB: Reflective Thinking AICPA BB: Resource Management AICPA FN: Decision Making LO: 2 Level: Medium9. Informal relationships and channels of communication often develop that do not appearon the organization chart.Answer: True AACSB: Reflective Thinking AICPA BB: Resource Management, Critical Thinking AICPA FN: Decision Making LO: 2 Level: Easy10. The controller's position in a retail company is considered a line position rather than astaff position.Answer: False AACSB: Reflective Thinking AICPA BB: Resource Management AICPA FN: Decision Making LO: 2 Level: Medium11. The Chief Financial Officer of an organization should present facts and refrain fromoffering advice and personal opinion.Answer: False AACSB: Reflective Thinking AICPA BB: Resource Management AICPA FN: Decision Making LO: 2 Level: Medium12. A strategy is a game plan that enables a company to attract customers by distinguishingitself from competitors.Answer: True AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Decision Making LO: 2 Level: Easy13. A strategy requires effective use of Six Sigma improvement techniques.Answer: False AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Decision Making LO: 2 Level: Medium14. A customer value proposition is essentially a reason for customers to choose acompany's products over its competitors' products.Answer: True AACSB: Reflective Thinking AICPA BB: Marketing AICPA FN: Decision Making LO: 2 Level: Easy15. Customer value propositions tend to fall into three broad categories--customer intimacy,operational excellence, and product leadership.Answer: True AACSB: Reflective Thinking AICPA BB: Marketing AICPA FN: Decision Making LO: 2 Level: Easy16. Companies that adopt a customer intimacy strategy are in essence saying to their targetcustomers, “The reason you should choose us is because we understand and respond to your individ ual needs better than our competitors.”Answer: True AACSB: Reflective Thinking AICPA BB: Marketing AICPA FN: Decision Making LO: 2 Level: Easy17. Companies that choose an operational excellence strategy are in essence saying to theircus tomers, “Choose us rather than our competitors because we strive for zero defects.”Answer: False AACSB: Reflective Thinking AICPA BB: Marketing AICPA FN: Decision Making LO: 2 Level: Medium18. A value chain consists of the major business functions that add value to the company'sproducts and services.Answer: True AACSB: Reflective Thinking AICPA BB: Resource Management AICPA FN: Decision Making LO: 2 Level: Easy19. Efforts designed to increase the rate of output should generally be applied to theworkstation that is the constraint.Answer: True AACSB: Reflective Thinking AICPA BB: Resource Management AICPA FN: Decision Making LO: 3 Level: Easy20. The lean thinking model is a five step management approach that organizes resourcessuch as people and machines around the flow of business processes and that pulls units through theses processes in response to customer orders.Answer: True AACSB: Reflective Thinking AICPA BB: Resource Management AICPA FN: Decision Making LO: 3 Level: Easy21. Supply chain management involves acquiring and bringing inside the company all ofthe processes that bring value to customers.Answer: False AACSB: Reflective Thinking AICPA BB: Resource Management AICPA FN: Decision Making LO: 3 Level: Medium22. An enterprise system integrates data across an organization into a single softwaresystem that enables all employees to have simultaneous access to a common set of data.Answer: True AACSB: Reflective Thinking AICPA BB: Leveraging Technology AICPA FN: Leveraging Technology LO: 3 Level: Easy23. Corporate governance is the legal framework that allows managers to control and directlower-level workers on the job.Answer: False AACSB: Reflective Thinking AICPA BB: Resource Management AICPA FN: Decision Making LO: 3 Level: Medium24. The Sarbanes-Oxley Act of 2002 was intended to protect the interests of those whoinvest in publicly traded companies by improving the reliability and accuracy ofcorporate financial reports and disclosures.Answer: True AACSB: Reflective Thinking AICPA BB: Legal AICPA FN:Measurement LO: 3 Level: Easy25. The Standards of Ethical Conduct promulgated by the Institute of ManagementAccountants specifically states, among other things, that management accountants havea responsibility to disclose fully all relevant information that could be reasonably beexpected to influence an intended user's understanding of the reports, comments and recommendations presented.Answer: True AACSB: Ethics AICPA BB: Critical Thinking AICPA FN: Decision Making LO: 4 Level: EasyMultiple Choice Questions26. Managerial accounting places considerable weight on:A) generally accepted accounting principles.B) the financial history of the entity.C) ensuring that all transactions are properly recorded.D) detailed segment reports about departments, products, and customers.Answer: D AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Measurement LO: 1 Level: Easy27. The plans of management are often expressed formally in:A) financial statements.B) performance reports.C) budgets.D) ledgers.Answer: C AACSB: Reflective Thinking AICPA BB: Resource ManagementAICPA FN: Measurement LO: 1 Level: Easy28. The phase of accounting concerned with providing information to managers for use inplanning and controlling operations and in decision making is called:A) throughput time.B) managerial accounting.C) financial accounting.D) controlling.Answer: B AACSB: Reflective Thinking AICPA BB: Resource ManagementAICPA FN: Measurement LO: 1 Level: Easy29. A staff position:A) relates directly to the carrying out of the basic objectives of the organization.B) is supportive in nature, providing service and assistance to other parts of theorganization.C) is superior in authority to a line position.D) none of these.Answer: B AACSB: Reflective Thinking AICPA BB: Resource ManagementAICPA FN: Decision Making LO: 2 Level: Easy30. For a manufacturing company, what type of position (line or staff) is each of thefollowing?Manager of a Data Processing Department Manager of a ProductionDepartmentA) Staff StaffB) Staff LineC) Line StaffD) Line LineAnswer: B AACSB: Reflective Thinking AICPA BB: Resource ManagementAICPA FN: Decision Making LO: 2 Level: Easy31. A _______________ position in an organization is directly related to the achievementof the organization's basic objectives.A) lineB) managementC) staffD) None of the above.Answer: A AACSB: Reflective Thinking AICPA BB: Resource ManagementAICPA FN: Decision Making LO: 2 Level: Easy32. ______________ is an example of a line position.A) Controller for a merchandising companyB) Chief financial officer of a merchandising companyC) Store manager for Best BuyD) Human resources manager for a community collegeAnswer: C AACSB: Reflective Thinking AICPA BB: Resource ManagementAICPA FN: Decision Making LO: 2 Level: Easy33. Which of the following is NOT one of the three major customer value propositionsdiscussed in the text?A) customer intimacyB) discount pricingC) operational excellenceD) product leadershipAnswer: B AACSB: Reflective Thinking AICPA BB: Resource ManagementAICPA FN: Decision Making LO: 2 Level: Easy34. Which of the following is NOT one of the five steps in the lean thinking modeldiscussed in the text?A) Continuously pursue perfection in the business process.B) Identify value in specific products/services.C) Implement an enterprise system.D) Create a pull system that responds to customer orders.Answer: C AACSB: Reflective Thinking AICPA BB: Resource ManagementAICPA FN: Decision Making LO: 2 Level: Easy35. One consequence of a change from a push to a properly implemented pull productionsystem can be:A) an increase in work in process inventories.B) an extremely difficult cultural change due to enforced idleness when demand fallsbelow production capacity.C) an increased mismatch between what is produced and what is demanded bycustomers.D) an increase in raw materials inventories.Answer: B AACSB: Analytic AICPA BB: Industry, Resource Management AICPA FN: Decision Making LO: 3 Level: Hard36. All of the following are characteristics of a pull production system EXCEPT:A) Inventories are reduced to a minimum by purchasing raw materials and producingunits only as needed to meet consumer demand.B) Raw materials are released to production far in advance of being needed to ensureno interruptions in work flows due to shortages of raw materials.C) Products are completed just in time to be shipped to customers.D) Manufactured parts are completed just in time to be assembled into products.Answer: B AACSB: Reflective Thinking AICPA BB: Resource ManagementAICPA FN: Decision Making LO: 3 Level: Medium37. The five step framework used to guide Six Sigma improvement efforts includes all ofthe following EXCEPT:A) Analyze.B) Control.C) Digitize.D) Measure.Answer: C AACSB: Reflective Thinking AICPA BB: Resource ManagementAICPA FN: Decision Making LO: 3 Level: Medium38. The Sarbanes-Oxley Act of 2002 contains all of the following provisions EXCEPT:A) The audit committee of the board of directors of a company must hire, compensate,and terminate the public accounting firm that audits the company's financial reports.B) Financial statements must be audited once every three years by the GovernmentAccounting Office.C) Both the CEO and CFO must certify in writing that their company's financialstatements and accompanying disclosures fairly represent the results of operations.D) A company's annual report must contain an internal control report.Answer: B AACSB: Reflective Thinking AICPA BB: Legal AICPA FN:Measurement LO: 3 Level: Medium39. The Institute of Management Accountants' Standards of Ethical Conduct contains apolicy regarding confidentiality that requires that management accountants:A) refrain from disclosing confidential information acquired in the course of their workexcept when authorized by management.B) refrain from disclosing confidential information acquired in the course of their workin all situations.C) refrain from disclosing confidential information acquired in the course of their workexcept when authorized by management, unless legally obligated to do so.D) refrain from disclosing confidential information acquired in the course of their workin all cases since the law requires them to do so.Answer: C AACSB: Ethics AICPA BB: Critical Thinking AICPA FN: Decision Making LO: 4 Level: Hard40. Which of the following is NOT one of the Institute of Management Accountants' fiveStandards of Ethical Conduct?A) CompetenceB) ConfidentialityC) IndependenceD) IntegrityAnswer: C AACSB: Ethics AICPA BB: Critical Thinking AICPA FN: Decision Making LO: 4 Level: Medium。