SCM CHAPTER 2

SCM CHAPTER 2

University

43 Qs

quiz-placeholder

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SCM CHAPTER 2

SCM CHAPTER 2

Assessment

Quiz

Other

University

Hard

Created by

Christian Nabong

FREE Resource

43 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

____________ means reporting and interpreting information that helps managers to focus on operating problems, imperfections, inefficiencies, and opportunities.

a. Scorekeeping

b. Attention directing

c. Problem solving

d. None of the above

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A financial manager/management accountant discovers a problem that could mislead users of the firm's financial data and has informed his/her immediate superior. (S)he should report the circumstances to the audit committee and/or the board of directors only if

a. the immediate superior, who reports to the chief executive officer, knows about the situation but refuses to correct it.

b. the immediate superior assures the financial manager/management accountant that the problem will be resolved.

c. the immediate superior reports the situation to his/her superior.

d. the immediate superior, the firm's chief executive officer, knows about the situation but refuses to correct it.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Management accounting is considered successful when it

a. helps creditors evaluate the company's performance.

b. helps managers improve their decisions.

c. is accurate.

d. is relevant and reported annually.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Accounting and other reports that help managers monitor performance and focus on problems and/or opportunities that might otherwise go unnoticed

a. Feedback

b. Financial accounting

c. Performance report

d. Managerial accounting

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An activity that consumes resources or takes time out that does not add value for which customers are willing to pay

a. Non-value added activity

b. Value-added activity

c. Process reengineering

d. Total quality management

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The elements of an ethical control system include the following EXCEPT

a. a reward system for turning in those who violate the ethical code.

b. a statement of the organization's values and code of ethics.

c. an ongoing internal audit of the ethical control system.

d. a statement of the employee's ethical responsibilities.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A study of organization that are among the best in the world at performing a particular task

a. Business process

b. Benchmarking

c. Control

d. Feedback

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