Question : 65.A management concept that seeks to uncover and eliminate waste : 1258473

 

65.A management concept that seeks to uncover and eliminate waste in all aspects of business activities is called:   

A. Continuous operations.

B. Customer orientation.

C. Just-in-time.

D. Theory of constraints.

E. Total quality management.

66.The model whose goal is to eliminate waste while satisfying the customer and providing a positive return to the company is:   

A. Just in time manufacturing model.

B. Managerial accounting model.

C. Corporate social responsibility model.

D. Continuous improvement model.

E. Lean business model.

67.Jenny, an employee of Toucan Company, used company assets for her own personal gain. This is an example of   

A. embezzlement.

B. fraud.

C. internal control.

D. ethics.

E. employment perks.

68.An employee is dissatisfied with the resolution of an ethical conflict with his supervisor at his place of employment. According to the Institute of Management Accountants, the employee’s next step should be to   

A. contact the IMA.

B. contact the next level of management who is not involved in the ethical conflict.

C. make the president of the company aware of the ethical conflict.

D. report the incident to the State Board of Accountancy.

E. resign from the company.

69.A direct cost is a cost that is:   

A. Identifiable as controllable.

B. Traceable to the company as a whole.

C. Does not change with the volume of activity.

D. Traceable to a single cost object.

E. Traceable to multiple cost objects.

70.Classifying costs by behavior with changes in volume of activity involves:   

A. Identifying fixed cost and variable cost.

B. Identifying cost of goods sold and operating costs.

C. Identifying costs as financial or managerial.

D. Identifying costs in a physical manner.

E. Identifying both quantitative and qualitative cost factors.

71.A classification of costs that determines whether a cost is expensed to the income statement or capitalized to inventory is:   

A. Fixed versus variable.

B. Direct versus indirect.

C. Financial versus managerial.

D. Service versus manufacturing.

E. Product versus period.

72.A fixed cost:   

A. Requires the future outlay of cash and is relevant for future decision making.

B. Does not change with changes in the volume of activity within the relevant range.

C. Is directly traceable to a cost object.

D. Changes with changes in the volume of activity within the relevant range.

E. Is irrelevant for cost-volume-profit and short-term decision making.

73.Last year, Wesson Company sold 10,000 units of its only product. If sales increase by 12% in the current year, how will unit variable cost and unit fixed cost be affected? 

A)Remains constantRemains constant

B)IncreasesDecreases

C)DecreasesRemains constant

D)Remains constantDecreases

E)Remains constantIncreases

A. Choice A

B. Choice B

C. Choice C

D. Choice D

E. Choice E

74.Last year, Gordon Company sold 20,000 units of its only product. If sales increase by 20% in the current year, how will unit variable cost and total fixed cost be affected? 

A)Remains constantRemains constant

B)IncreasesDecreases

C)DecreasesRemains constant

D)Remains constantDecreases

E)Remains constantIncreases

A. Choice A

B. Choice B

C. Choice C

D. Choice D

E. Choice E

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more