1. Cost management technique which specially addresses strategic issues is classified as
a) address management
b) issue management
c) strategic cost management
d) managerial cost
2. Purpose of financial accounting is
a) communicating company position to investors
b) helping managers make decisions
c) future oriented
d) single person orientation
3. An accounting which records and measures business transactions and is followed by general accepted accounting principles is classified as
a) external accounting
b) internal accounting
c) business accounting
d) financial accounting
4. Formal way of differentiating, between non-random and random variations, in manufacturing process is classified as
a) statistical process control
b) statistical failure control
c) statistical control of prevention cost
d) statistical control of sunk cost
5. If value added manufacturing time is 65 minutes, total manufacturing time is 80 minutes, then manufacturing cycle time will be
a) 0.8125
b) 0.6125
c) 0.9125
d) 1.725
6. Strategy that interlinks technology and people, to enhance relationships in all business functions is classified as
a) technology management
b) people management
c) customer relationship management
d) resource management
7. Experimentation and generation of ideas related to new product or services are included in
a) addressing management
b) research and development
c) value development
d) service provider
8. Philosophy, in which management works to improve value chain of products, to exceed customer expectations is classified as
a) quality
b) management chain
c) customer chain
d) cost chain
9. Cash management, investments, long and short term financing are included in
a) proprietorship
b) functional line
c) treasury
d) controllership
10. In financial accounting, investors, banks, suppliers and government agencies are classified as
a) external parties
b) internal parties
c) environmental parties
d) transactional parties