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10/12/2015

TheAceStudent:RutgersBUS300Quiz1(A++++++)

RutgersBUS300Quiz1(A++++++)
RutgersBUS300Quiz1(A++++++)
Question
1.Whichofthefollowingaspectsofacompanywouldnotbeconsideredacriticalsuccessfactor,
foracompanythatcompetesondifferentiation?
A.Cuttingedgeresearchanddevelopment.
B.Excellentcustomerservice
C.Awardwinningproductquality
D.Continuallybeatingcompetitorstothemarketwithnew,innovativeproducts
E.Highlevelofproductionefficiency
2.Thecompetitivestrategyofcostleadershipallowsafirmtooutperformcompetitorsbyproducing
productsorservices:
A.Withloweredqualitystandards,thusreducingoverallcosts.
B.Insmalleroperationalunits.
C.Atlowercostachievedbyincreasedproductivity.
D.Withattractiveaddedfeaturesmakingtheproductmoreexpensive,or\thecostleader\.
E.Thatareheavilypromotedandheavilywarranted.
3.Costmanagementinformationtypicallyistheresponsibilityofthe:
A.ChiefFinancialOfficer.
B.Controller.
C.Treasurer.
D.ChiefInformationOfficer.
4.Whichoneofthefollowingcriticalsuccesscustomerfactorsisbestmeasuredbywarranty
expense?
A.Quality.
B.Dealeranddistributorefficiencyandeffectiveness
C.Timelinessofdelivery3
D.Customersatisfaction
5.Allofthefollowingactionsenhancethenewfocusonmakingmanagementaccounting
informationmorerelevantinhelpingafirmachievestrategicgoals,except:
Increasingemphasisonthemanagementaccountantasabusinesspartner.
Increasingemphasisonexternalfinancialreporting.
Decreasingemphasisonfinancialstatementinventorycostvaluation.
Increasingemphasisontimelyandusefulinformation.
IncreasingemphasisondetailedandaccuratecostingmethodssuchasABCcosting.
6.AccordingtotheIMACodeofEthics,whatshouldamanagementaccountantdoifasignificant
ethicalsituationcan\tberesolved?
Theaccountantshouldconfronttheguiltypartyanddemandtheunethicalactionbestopped.
Theaccountantshouldtrytorationalizeandunderstandthepositionoftheotherparty.
Theaccountantshouldsaynothingaboutthematteruntilheorshehasretired.
Theaccountantshouldfirstdiscussthematterwiththeimmediatesupervisor.
7.InSWOTanalysis,strengthsandweaknessesaremosteasilyidentifiedbylooking:
Atthefirmasapotentialcustomer.
Insidethefirmatitsspecificresources.
Atthefirm\scompetition.
Atthefirm\sproduct.
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TheAceStudent:RutgersBUS300Quiz1(A++++++)

Outsidethefirmfromaconsultant\sperspective.
8.RTPCorp.isdevelopinganewcomputerprocessortocompeteagainstIntel\ssuccessful
productline.RTPhasalreadydeterminedthemarketpriceandtherequiredprofitmarginoneach
processorsoldinordertobesuccessful.WhichcostingmethodwillRTPmostlikelyusetoreduce
costsandobtainthedesiredresults?
TargetCosting.
Productcosting.
Relevantcosting.
Costmanagement.
9.Thebalancedscorecardcanbemademoreeffectivebydevelopingitatadetaillevelsothat
employees:
Canseehowitisputtogether.
Appreciatealltheeffortthatgoesintoitspreparation.
Respectmanagementforincludingtheminitsformulation.
Canseehowtheiractionscontributetothesuccessofthefirm.
Donotfeelleftout.
10.Costmanagementhasmovedfromatraditionalroleofproductcostingandoperationalcontrolto
abroaderstrategicfocus,whichplacesanemphasison:
Competitivepricing.
Domesticmarketing.
Shorttermthinking.
Strategicthinking.
Independentjudgment.
11.Whichofthefollowingistheprimaryuserofmanagementaccountinginformationregarding
businessunits?
Companymanagement.
Investors.
Creditors.
Industryandgovernmentalorganizations.
12.Thebalancedscorecard:
A.Isnotcomprehensive,sinceitdoesn\tincludealltheCSFswhichcontributetocompetitiveB.
success.
B.Helpsfocusmanagers\attentiontobottomlineprofits.
C.Isforwardlooking,stressingnonfinancialmeasuresthatcanleadtobenefitsinthefuture.
D.Failstoreflectenvironmentalandsocialeffectsofthefirm\soperations.
E.Isheavilyweightedtowardthefinancialcriticalsuccessfactors(CSFs).
Whichofthefollowingcouldbeconsideredpartofthevaluechaininaservicefirm?
A.Inspectionofproduct.
B.Advertising.
C.Rawmaterials.
D.Customerservice.
E.Advertisingandcustomerservice.
14.WhichofthefollowingisnotconsideredpartoftheInstituteofManagementAccountants\
definitionofmanagementaccounting?
A.Partneringinmanagementdecisionmaking.
B.Devisingplanningandperformancemanagementsystems.
C.Gathering,summarizing,analyzing,andprovidinginformation.
D.Providingexpertiseinfinancialreportingandcontrol.
E.Assistingmanagementintheformulationandimplementationofanorganization\sstrategy.
15.Thefollowingproblemshaveoccurredatyourcompany:managementseemstobemaking
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decisionsbasedonguessesandintuition,there\salackofclarityconcerningdirectionandgoals,
andprofitableopportunitiesarebeingmissed.Whatisyourcompanysufferingfrom?
A.Alackofstrategicinformationmanagementhasnotdetermineditsstrategiccompetitive
position.
B.Managershavetoomuchinformation.
C.Thecompanyisnotfamiliarwithbusinessreengineeringandvaluechainanalysis.
D.Thecompanyhasaninappropriatemissionstatement.
RutgersBUS300Quiz1(A++++++)

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