1. How have many companies significantly lowered inventorylevels and costs? Question 1 options: They have a just-in-time...
Question:
1. How have many companies significantly lowered inventorylevels and costs?
Question 1 options:
They have a just-in-time method.
They use activity-based costing.
They focus on a total quality management system.
They utilize a balanced scorecard system.
2.What term describes all activities associated with providing aproduct or service?
Question 2 options:
The product chain
The manufacturing chain
The supply chain
The value chain
3.Which one of the following managerial accounting approachesattempts to allocate manufacturing overhead in a more meaningfulfashion?
Question 3 options:
Balanced scorecard
Total-quality management
Activity-based costing
Just-in-time inventory
4.What is "balanced" in the balanced scorecard approach?
Question 4 options:
The emphasis on financial and non-financial performancemeasurements
The number of defects found on each product
The amount of costs allocated to products
The number of products produced
5. Which one of the following characteristics would likely beassociated with a just-in-time inventory method?
Question 5 options:
Ending inventory of work in process that would allow severalproduction runs
An understanding with customers that they may come to the showroomand select from inventory on hand
A backlog of inventory orders not yet shipped
Minimal finished goods inventory on hand
Management Accounting
ISBN: 9780730369387
4th Edition
Authors: Leslie G. Eldenburg, Albie Brooks, Judy Oliver, Gillian Vesty, Rodney Dormer, Vijaya Murthy, Nick Pawsey