1. Quantity of produced output is divided with cost of all used inputs to calculate
a) engineered productivity
b) targeted productivity
c) partial productivity
d) total factor productivity
2. In operating income strategic analysis, a component which measures change in operating income attributed to change in output quantity is classified as
a) internal process component
b) growth component
c) price recovery component
d) productivity component
3. An example of financial perspective in balanced scorecard is
a) employee turnover rates
b) operating capabilities and number of patents
c) operating income and revenue growth
d) customer satisfaction and market share
4. An ability of an organization, to offer its services or products that must be perceived by customers as unique and superior, in comparison to its competitors is called
a) inelastic demand
b) product differentiation
c) cost leadership
d) elastic demand
5. If quantity of manufactured jackets is 2250000 units and leather used to produce output is 3500000 sq.m, then direct materials' partial productivity will be
a) 0.642 unit of jacket per sq.m of leather
b) 0.342 unit of jacket per sq.m of leather
c) 0.442 unit of jacket per sq.m of leather
d) 0.542 unit of jacket per sq.m of leather
6. If net initial investment is $6850000 and uniform increases yearly cash flows is $2050000, then payback period will be
a) 3.34 years
b) 4.34 years
c) 5.34 years
d) 6.34 years
7. Net initial investment is divided by uniform increasing in future cash flows to calculate
a) discounting period
b) investment period
c) payback period
d) earning period
8. If nominal rate is 26% and inflation rate is 12%, then real rate can be
a) 13.75%
b) 11.65%
c) 12.50%
d) 13.50%
9. A concept which explains a received money in present time, is more valuable than money received in future is called
a) lead value of money
b) storage value of money
c) time value of money
d) cash value of money
10. If payback period is 4 years and uniform increases in cash flows per year is $2750000, then net initial investment can be
a) $10,511,000
b) $12,105,000
c) $1,100,000
d) $11,000,000
11. Types of costs of quality consist of
a) appraisal costs
b) internal and external failure costs
c) prevention costs
d) all of above
12. If cost of direct materials use in goods sold is $5000 and total revenues are $9000 then throughput contribution would be
a) $5,000
b) $14,000
c) $4,000
d) $9,000
13. Time a company takes until a good is produced after order placement is known as
a) manufacturing lead time
b) manufacturing cycle efficiency
c) customer response time
d) system process time
14. Factors identified by cause and effect diagrams include
a) component and material factors
b) machine-related factors
c) human factors
d) all of above
15. Delivery of goods by time it is contracted to be delivered is known as
a) effective performance
b) efficient performance
c) in-time performance
d) on-time performance
16. Dimensional analysis of cost includes
a) horizontally across dimension
b) horizontally upward dimension
c) vertically upward dimension
d) both a and c
17. Capital budgeting method to analyze information of financials include
a) internal rate of return
b) accrual accounting rate of return
c) net present value
d) all of above
18. Payback period is multiplied for constant increase in yearly future cash flows to calculate
a) cash value of money
b) net initial investment
c) net future value
d) time value of money
19. Rate of return, which is made up of risk free and business risk element is known
a) nominal rate of return
b) accrual accounting rate of return
c) real rate of return
d) required rate of return
20. Sum of returned working capital and net initial investment is divided by 2 to calculate
a) increase in operating income
b) average investment over five years
c) average capital invested
d) average rate of return
21. Value added manufacturing time is divided by total manufacturing is to calculate
a) value chain efficiency
b) value chain effectively
c) manufacturing cycle effectively
d) manufacturing cycle efficiency
22. Chart which represents how regularly defect occurs in production process is classified as
a) relevant costing diagram
b) cause and effect diagram
c) control chart
d) Pareto chart
23. If manufacturing cycle efficiency is 0.725 and total manufacturing time is 45 minute, then value added manufacturing time will be
a) 42.625
b) 36.724
c) 32.625
d) 41.625
24. In response to challenges arisen by competitors and new entrants, strategy which must be considered by company does include
a) cost leadership
b) demand inelasticity
c) differentiated products
d) both a and c
25. Considering two fiscal years 2013 and 2014, actual units sold in 2013 and 2014 are 11000 and 12500 units respectively, and selling price in year 2013 is $50, then revenue effect of growth will be
a) $70,000
b) $75,000
c) $65,000
d) $73,000
26. Considering two years 2013 and 2014, quantity of output produced in 2014 is divided by cost of input used in 2013, to produce output in 2014 to calculate
a) benchmark engineered productivity
b) benchmark total factor productivity
c) benchmark partial productivity
d) benchmark total productivity
27. Quantity of produced output is divided by quantity of used input to calculate
a) targeted productivity
b) total factor productivity
c) partial productivity
d) unused productivity
28. Considering balanced scorecard, perspective in which performance of organization includes is
a) financial perspective
b) learning and growth perspective
c) customer perspective
d) all of above
29. In operating income strategic analysis, strategic component which measures change in operating income, attributed for change in price of outputs and inputs is classified as
a) internal process component
b) growth component
c) price recovery component
d) productivity component
30. In strategy formulation, forces that must be focused for industry analysis include
a) potential entrants in market
b) customer's bargaining power
c) supplier's bargaining power
d) all of above
31. Translation of organization strategy, and mission into performance measures to provide framework for strategy implementation is termed as
a) differentiation scorecard
b) bargaining scorecard
c) leadership scorecard
d) balanced scorecard
32. An example of direct engineered cost is
a) indirect material cost
b) direct material cost
c) direct labour cost
d) indirect labour cost
33. If net initial investment is $985000, returned working capital is $7500, then an average investment over five years will be
a) $596,300
b) $485,300
c) $496,250
d) $486,250
34. If an initial investment is $765000, payback period is 4.5 years, then increase in future cash flow will be
a) $5,645,000
b) $6,442,500
c) $3,442,500
d) $5,442,500
35. Categories of cash flows include
a) net initial investment
b) cash flow from operations after paying taxes
c) cash flow from terminal disposal after paying taxes
d) all of above
36. An example of customer perspective in balanced scorecard is
a) employee turnover rates
b) operating capabilities and number of patents
c) operating income and revenue growth
d) customer satisfaction and market share
37. Considering two fiscal years 2013 and 2014, if selling price in 2013 and 2014 is $55 and $60 per unit respectively and actual units sold in 2013 are 25000 units, then revenue effect of price recovery will be
a) $14,500
b) $135,000
c) $125,000
d) $12,500
38. Way an organization matches its capabilities with available opportunities to accomplish its goals is called
a) elasticity incurrence
b) off shoring
c) strategy
d) engineering
39. Which of following is an example of internal business perspective in balanced scorecard?
a) employee turnover rates
b) operating capabilities and number of patents
c) operating income and revenue growth
d) customer satisfaction and market share
40. Balanced scorecard perspective, which measures strategy profitability and amount of operating income results from cost reduction is classified as
a) learning perspective
b) financial perspective
c) internal business process perspective
d) customer perspective
41. Cash flows method, used by net present value method and internal rate of return are
a) vertical cash flows
b) discounted cash flows
c) lean cash flows
d) future cash flows
42. Working capital cash outflow, cash outflow to buy machine and cash inflow from machine are examples of
a) cash flow from operations
b) terminal disposal of investment
c) net initial investment
d) average return on investment
43. Decrease in purchasing power of any monetary unit such as euro, dollars etc. is classified as
a) net investment parity
b) inflation
c) purchasing parity
d) buying parity
44. If tax operating income is $885000 per year and net initial investment is $35750000 then increase in average is
a) 5.475% per year
b) 4.475% per year
c) 3.475% per year
d) 2.475% per year
45. If actual price input is $700, budgeted price of input is $400 and actual quantity of input is 50 units, then price variance will be
a) $15,000
b) $13,000
c) $11,000
d) $9,000
46. If real rate is 16% and an inflation rate is 8%, then nominal rate of return will be
a) 27.28%
b) 25.28%
c) 22.28%
d) 21.28%
47. Method, which calculates time to recoup initial investment of project in form of expected cash flows is known as
a) net value cash flow method
b) payback method
c) single cash flow method
d) lean cash flow method
48. Vertically upward dimension of cost analysis is also called
a) project dimension
b) accounting-period dimension
c) back-flush accounting dimension
d) lean accounting dimension
49. Rate of return to cover a risk of investment and decrease in purchasing power, as a result of inflation is known as
a) nominal rate of return
b) accrual accounting rate of return
c) real rate of return
d) required rate of return
50. Process of making long term decisions, for capital investment in projects is called
a) lead budgeting
b) lean budgeting
c) capital budgeting
d) relevant budgeting
51. In financial accounting, an emphasis and focus is considered as
a) communication oriented
b) bank oriented
c) future oriented
d) past oriented
52. In value chain analysis, selling and promotion to prospective customers is classified as
a) researching
b) marketing
c) acquaintance
d) usefulness
53. In value chain analysis, delivery of services or products to end customers is classified as
a) resource research
b) market research
c) utilization
d) distribution
54. An implementation of planning decisions and evaluating performance is classified as
a) control
b) evaluation
c) deciding
d) performing
55. Continuous pressure of reducing cost of products to be sold is classified as
a) supply efficiency
b) material affectivity
c) processing effective
d) cost and efficiency
56. In value chain analysis, coordination, acquiring and assembling of resources to produce a product is classified as
a) resourcing
b) value acquiring
c) production
d) value acquaintance
57. Examining of past performance, exploring alternative and planning future is
a) learning
b) alternating
c) examining
d) deciding
58. Time that a company takes to create and produce a new product is classified as
a) management factor
b) time factor
c) customer factor
d) chain factor
59. Purpose of management accounting is to
a) past orientation
b) help banks make decisions
c) help managers make decisions
d) help investors make decision
60. An accounting approach, in which expected benefits exceed expected cost is classified as
a) benefit approach
b) cost approach
c) cost-benefit approach
d) accounting approach
61. 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
62. 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
63. 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
64. 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
65. 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
66. Decision making step, which consists of organization goals, predicting alternatives and communicating goals is called
a) organization
b) alternation
c) planning
d) valuing
67. 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
68. 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
69. Quantitative expression of decided plan and coordination, for plan implementation is known as
a) cost format
b) decided plan
c) coordination plan
d) budget
70. In management accounting, an emphasis and focus must be
a) future oriented
b) past oriented
c) communication oriented
d) bank oriented
71. Cost operations such as wages, salaries, depreciation, utilities and rent are summed together to calculate
a) throughput costs
b) investments
c) operating costs
d) marginal costs
72. Cost incur for defective products, after their shipment to customers is classified as
a) prevention costs
b) external failure costs
c) appraisal costs
d) internal failure costs
73. Quality aspect, that refers how well product fulfils customer demands, is classified as
a) learning quality
b) design quality
c) conformance quality
d) business process quality
74. If number of employees who left job is 40, total number of employees are 200, then employee turnover ratio will be
a) 0.6
b) 0.5
c) 0.2
d) 0.7
75. Fishbone diagram is an example of
a) relevant costing diagram
b) cause and effect diagram
c) control chart
d) Pareto diagram
76. Marketing, production and management of distribution comes under category of
a) staff management
b) line management
c) marketing management
d) production management
77. Function of plant manager, in which he is responsible for new assets investment is termed as
a) line function
b) staff function
c) asset function
d) investment function
78. Process of analyzing and reviewing financial records to check integrity of company financial reports is a/an
a) internal audit
b) external audit
c) functional audit
d) treasury audit
79. Type of accounting, which reports financial and non-financial data about cost of material and acquiring of resources is classified as
a) material accounting
b) cost accounting
c) supplies accounting
d) business accounting
80. An approach in which managers use resources to increase customer value is classified as
a) help management
b) cost management
c) past management
d) future management
81. Flow of goods and services, from start of gathering materials until delivery of products, is known as
a) flow chart analysis
b) supply chain analysis
c) resource chain analysis
d) acquiring analysis
82. Step by step business functions, in which product or services must have customer usefulness is classified as
a) value chain
b) useful chain
c) product chain
d) services chain
83. Decisions regarding usage of material, kind and changes in plant processing are a part of
a) past management
b) future management
c) help management
d) cost management
84. Function of management accountant, who works as business partner comes under category of
a) asset function
b) investment function
c) line function
d) staff function
85. An officer responsible for financial operations of organization is considered as
a) chief financial officer
b) chief manager
c) chief line function
d) chief staff function
86. Total manufacturing time is multiplied to manufacturing cycle efficiency to calculate
a) manufacturing cycle efficiency
b) value added manufacturing time
c) responding time
d) delivery time
87. Costs incur for defective products, before their shipment to customers can be categorized as
a) prevention costs
b) external failure costs
c) appraisal costs
d) internal failure costs
88. Costs that are incurred to prevent low quality goods production are classified as
a) costs of quality
b) costs of learning
c) costs of reengineering
d) costs of spoilage inventory
89. If total number of employees surveyed are 200 and employees that indicate higher rating for satisfaction are 195, then employee satisfaction would be
a) 94.00%
b) 93.00%
c) 95.00%
d) 97.50%
90. On-time performance and customer-response time are examples of
a) customer measures
b) financial measures
c) measures of growth and learning
d) measures of internal business processes
91. Cost management technique which specially addresses strategic issues is classified as
a) address management
b) issue management
c) strategic cost management
d) managerial cost
92. Purpose of financial accounting is
a) communicating company position to investors
b) helping managers make decisions
c) future oriented
d) single person orientation
93. 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
94. 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
95. 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
96. 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
97. 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
98. 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
99. Cash management, investments, long and short term financing are included in
a) proprietorship
b) functional line
c) treasury
d) controllership
100. In financial accounting, investors, banks, suppliers and government agencies are classified as
a) external parties
b) internal parties
c) environmental parties
d) transactional parties