In just$-$in$-$time $($JIT$)$ manufacturing, each operation produces only what is necessary for the succeeding operations.

Group of answer choices

True

False

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Flag question: Question $2$

Question $20\mathrm{.}25$ pts

The Institute of Management Accountants has established ethical standards for management accountants.

Group of answer choices

True

False

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Flag question: Question $3$

Question $30\mathrm{.}25$ pts

An accounting information system collects, records, summarizes, analyzes, and manages data to transform inputs into information that is provided to users.

Group of answer choices

True

False

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Flag question: Question $4$

Question $40\mathrm{.}25$ pts

The cost management information system is primarily concerned with producing outputs for external users.

Group of answer choices

True

False

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Flag question: Question $5$

Question $50\mathrm{.}25$ pts

The three broad objectives of financial accounting information systems are to provide information for costing out services and products, planning and control, and decision making.

Group of answer choices

True

False

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Flag question: Question $6$

Question $60\mathrm{.}25$ pts

The two major subsystems of the accounting information system are the financial accounting information system and the cost management accounting information system.

Group of answer choices

True

False

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Flag question: Question $7$

Question $70\mathrm{.}25$ pts

Preparing reports for division managers is an activity associated with the cost management information system.

Group of answer choices

True

False

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Flag question: Question $8$

Question $80\mathrm{.}25$ pts

Evaluating the performance of a segment of the company is an example of planning.

Group of answer choices

True

False

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Flag question: Question $9$

Question $90\mathrm{.}25$ pts

Employee and customer loyalty are NOT a result of a strong code of ethics.

Group of answer choices

True

False

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Flag question: Question $10$

Question $100\mathrm{.}25$ pts

The process of choosing among competing alternatives is called decision making.

Group of answer choices

True

False