管理会计示范性双语课件习题01dyrq.docx

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1、CHAPTER 1MANAGEMENT ACCOUNTING: INFORMATION THAT CREATES VALUETRUE/FALSE1.Management accounting gathers short-term, long-term, financial, and nonfinancial information.a.Trueb.False2.Management accounting information generally reports on the organization as a whole.a.Trueb.False3.Companies have to fo

2、llow strict guidelines when designing a management accounting system.a.Trueb.False4.A good management accounting system is intended to meet specific decision-making needs at all levels in the organization.a.Trueb.False5.During the history of management accounting, innovations were developed to addre

3、ss the decision-making needs of managers.a.Trueb.False6.A key element in any organizations strategy is to identify its target customers and to deliver what those target customers want.a.Trueb.False7.The value proposition has only two elements: cost and quality.a.Trueb.False8.Quality is the degree of

4、 conformance between what the customer is promised and what the customer receives.a.Trueb.False9.Recently, the demand for improved management accounting and control information within manufacturing firms has also occurred in service organizations.a.Trueb.False10.Recently, the competitive environment

5、 for both manufacturing and service companies has become far more challenging and demanding.a.Trueb.False11.Service companies are very similar to manufacturing companies in may ways, including the fact that many employees have direct contact with customers.a.Trueb.False12.Sensitivity to timeliness a

6、nd quality of service is especially important to service organizations.a.Trueb.False13.Government and nonprofit organizations, as well as profit-seeking enterprises, are feeling the pressures for improved performance.a.Trueb.False14.Management accounting information allows managers to compare actual

7、 and planned costs and to identify areas and opportunities for process improvement.a.Trueb.False15.Management accounting can provide information on customer satisfaction.a.Trueb.False16.ROI (return on investment) combines two profitability measures to produce a single measure of departmental or divi

8、sional performance.a.Trueb.False17.Around 1920, centralized control of decentralized operations was accomplished by having corporate managers receive financial reports about divisional operations and profitability.a.Trueb.False18.In the late 1990s, little interest or attention was paid to evaluating

9、 managements appropriate governance and strategy choices.a.Trueb.False19.Financial information identifies and explains the underlying problems.a.Trueb.False20.Management accounting measures can provide advance warnings of problems.a.Trueb.False21.Customer satisfaction is an example of financial info

10、rmation.a.Trueb.False22.Operating profit is an example of nonfinancial information.a.Trueb.False23.Organizational leadership plays a critical role in fostering an organizations culture of high ethical standards.a.Trueb.False24.Information is never neutral; just the act of measuring and reporting inf

11、ormation affects the individuals involved.a.Trueb.False25.Boundary systems are always stated in positive terms that outline maximum standards of behavior.a.Trueb.FalseMULTIPLE CHOICE26.Management accounting helps a company achieve: a.its strategic objectivesb.its operational objectivesc.control and

12、also supports performance evaluationd.All of the above are correct.27.Which of the following types of information are used in management accounting?a.financial informationb.nonfinancial informationc.information focused on the long termd.All of the above are correct.28.Management accounting:a.focuses

13、 on estimating future revenues, costs, and other measures to forecast activities and their resultsb.provides information about the company as a wholec.reports information that has occurred in the past that is verifiable and reliable d.provides information that is generally available only on a quarte

14、rly or annual basis 29.Which of the following descriptors refer to management accounting information?a.It is verifiable and reliable.b.It is driven by rules.c.It is prepared for shareholders.d.It provides reasonable and timely estimates.30.Which of the following statements refers to management accou

15、nting information?a.There are no regulations governing the reports.b.The reports are generally delayed and historical.c.The audience tends to be stockholders, creditors, and tax authorities.d.The scope tends to be highly aggregate.31.Management accounting information includes:a.tabulated results of

16、customer satisfaction surveysb.the cost of producing a productc.the percentage of units produced that is defectived.All of the above are correct.32.Management accounting reports MOST likely include information about:a.customer income for the yearc.total assetsd.All of the above are correct.33.The p

17、erson MOST likely to use management accounting information is a(n):a.banker evaluating a credit applicationb.shareholder evaluating a stock investmentc.governmental taxing authorityd.assembly department supervisor34.Which of the following is NOT a function of a management accounting system?a.strateg

18、ic planningb.financial reportingc.operational controld.product costing35.Financial accounting provides the PRIMARY source of information for:a.decision making in the finishing departmentb.improving customer servicec.preparing the income statement for shareholdersd.planning next years operating budge

19、t36.Financial accounting:a.focuses on the future and includes activities such as preparing next years operating budgetb.must comply with GAAP (generally accepted accounting principles) c.reports include detailed information on the various operating segments of the business such as product lines or d

20、epartmentsd.is prepared for the use of department heads and other employees 37.The person MOST likely to use ONLY financial accounting information is a:a.factory shift supervisorb.vice president of operationsc.current shareholderd.department manager38.The accounting process is constrained by mandate

21、d reporting requirements by all of the following organizations EXCEPT the:a.Internal Revenue Service (IRS)b.Institute of Management Accountants (IMA)c.Financial Accounting Standards Board (FASB)d.Securities and Exchange Commission (SEC) for companies that are publicly traded39.Historically:a.in the

22、beginning of the 20th century, the Guilds kept detailed records of raw materials and labor costs as evidence of product qualityb.in medieval England, the basics of modern management accounting emerged with standards for material use, employee productivity, and budgetsc.in the late 19th century, rail

23、road managers implemented large and complex costing systems to compute the cost of different types of freightd.from 1400-1600, large and integrated companies such as DuPont and General Motors, developed ways to measure return on investment40.In general, it was not until the 1970s that management acc

24、ounting systems:a.were improved because of demands by the FASB and the SECb.stagnated and proved inadequatec.started to develop innovations in costing and performance-measurement systems due to intense pressure from overseas competitorsd.started to address the decision-making needs of managers41.All

25、 successful organizations must identify and understand their:petitionc.strategyd.definition of quality42.A key element of any organizations strategy is identifying:a.its potential shareholdersb.its target petitors productsd.employee needs43.What an organization tries to deliver to customers is calle

26、d its value proposition, which includes the elements of: a.cost and qualityb.cost, quality, and functionality and featuresc.cost, quality, functionality and features, and serviced.cost, quality, functionality and features, service, and industry standards44.The price paid by the customer, given the p

27、roduct features and competitors prices, is referred to as the _ element of the value proposition.a.costb.industry standardsc.qualityd.service45.The degree of conformance between what the customer is promised and what the customer receives is referred to as the _ element of the value proposition.a.co

28、stb.industry standardsc.qualityd.service46.The performance of the product, for example, a meal in a restaurant provides the diner with the level of satisfaction expected for the price paid, is referred to as the _ element of the value proposition.a.functionality and featuresb.industry standardsc.qua

29、lityd.service47.How the customer is treated at the time of the purchase is an example of the _ element of the value proposition.a.functionality and featuresb.industry standardsc.qualityd.service48.Management accounting provides:a.information on the efficiency of factory laborb.information on the cos

30、t of servicing commercial customersc.information on the performance of an operating divisiond.All of the above are correct.49.Which of the following groups would be LEAST likely to receive detailed management accounting reports?a.stockholdersb.customer service representativesc.production supervisord

31、.vice president of operations50.Top executives of a multi-plant firm are LEAST likely to use management accounting information:a.to support decisions that result in long-term consequencesb.to evaluate the performance of individual plantsc.for strategic planningd.for operational control51.Managers of

32、 service departments need all of the following information EXCEPT:a.efficiency data on work performanceb.quality data on work performancec.profitability data of the whole companyd.profitability data of the service department52.A national company manufactures a line of modern furniture. Information M

33、OST useful to the employee who assembles the furniture includes:a.a daily report comparing the actual time it took to assemble a piece of furniture to the standard time allowedb.a monthly report on the portion of furniture pieces assembled with defectsc.the number of furniture pieces sold this month

34、d.revenue per employee53.A national company manufactures a line of modern furniture. Information MOST useful to the top executive includes:a.individual job summaries of materials usedb.monthly financial reports on the companys profitability by product linec.time reports submitted by each employeed.s

35、cheduled downtime for routine maintenance on machines54.A quarterly report disclosing declining market share information is MOST useful to:a.a front-line employeeb.the manager of operationsc.the chief executive officerd.the accounting department55.A weekly report comparing machine time used to avail

36、able machine time is information MOST useful to:a.a front-line employeeb.the manager of operationsc.the chief executive officerd.the accounting department56.A daily report on the number of quality units assembled by each employee is information MOST useful to:a.a front-line assembly workerb.the acco

37、unting departmentc.the chief executive officerd.the personnel department57.Which of the following would be LEAST helpful for a top manager of a company?a.profitability report of the companyb.information to monitor hourly and daily operationsc.number of customer complaintsd.operating expense summary

38、reported by department58.Recently, increased demand for management accounting information has been:a.primarily from manufacturing firmsb.primarily from service organizationsc.from both the manufacturing and the service industriesd.an illusion; in fact, the demand for management accounting has change

39、d very little59.Management accounting can play a critical role in the service industry because of all the following reasons EXCEPT:a.firms must be especially sensitive to the timeliness and quality of customer serviceb.many employees have very little contact with customersc.customers immediately not

40、ice defects and a delay in serviced.dissatisfied customers may never return60.Historically, the NEGLECT of management accounting in the service industry was a result of:a.noncompetitive environmentsb.global customer demandsc.the switch to free market economiesd.an influx of higher-quality and lower-

41、priced products from overseas61.Currently, management accounting information within government and nonprofit organizations is in greater demand because:a.public and private donors are demanding accountabilityb.citizens are requesting responsive and efficient performance from their governing unitsc.m

42、ore nonprofit organizations are competing for limited fundsd.All of the above are correct.62.Currently, pressures for improved cost and performance measurements are being felt by:a.nonprofit organizationsb.governmental agenciesc.profit-seeking enterprisesd.All of the above are correct.63.Financial a

43、ccounting information:a.provides a signal that something is wrongb.identifies what is wrongc.explains what is wrongd.simply summarizes information but gives no indication that anything is wrong64.Decentralized responsibility refers to allowing lower-level managers to do all of the following EXCEPT:a

44、.make decisions without seeking higher approvalb.take advantage of local opportunitiesc.make periodic financial reports to upper-managementd.pursue individual objectives even though they may not contribute to the entire company65.The return on investment (ROI) performance measure uses _ to evaluate

45、the performance of operating divisions.a.a single numberb.four numbersc.five numbersd.ten numbers66.The return on investment (ROI) performance measure combines _ to produce a measure of departmental performance.a.two profitability measuresb.two capital utilization measuresc.one profitability measure and one capital intensity measured.two profitability measures and two capital intensity measures67.All of the following are true regarding the return on investment (ROI) formula developed at Dupont