Management Accounting Questions and Answers Part-7

1. Sum of cost of direct materials, costs of buildings, equipment, research and development costs is classified as
a) throughput costs
b) investments
c) operating costs
d) marginal costs

Answer: b

2. Consumed time to deliver a complete order to its customers is termed as
a) responding time
b) value chain time
c) delivery time
d) manufacturing cycle efficiency

Answer: c

3. Number of employees that indicate high ratings of satisfaction, divided by number of surveyed employees are to calculate
a) employee satisfaction
b) employee turnover
c) employee training
d) employee failures

Answer: a

4. If number of processes, in which employees who can make decisions are 20 and number of processes are 50, then employee empowerment ratio will be
a) 0.9
b) 0.4
c) 0.3
d) 0.8

Answer: b

5. Time between a customer's order placement till customer receives its delivery is known as
a) manufacturing lead time
b) manufacturing cycle time
c) customer response time
d) system process time

Answer: c

6. Decision making step, which consists of organization goals, predicting alternatives and communicating goals is called
a) organization
b) alternation
c) planning
d) valuing

Answer: c

7. An availability of financial information, to oversee operations and system of accounting is known as
a) manager ship
b) controllership
c) proprietorship
d) functional line

Answer: b

8. An availability of after sale support, to existing or potential customers in value chain analysis is known as
a) customer services
b) utility services
c) resource services
d) acquiring services

Answer: a

9. Quantitative expression of decided plan and coordination, for plan implementation is known as
a) cost format
b) decided plan
c) coordination plan
d) budget

Answer: d

10. In management accounting, an emphasis and focus must be
a) future oriented
b) past oriented
c) communication oriented
d) bank oriented

Answer: a