Cost Accounting A Data
Analytics Approach
ST
2024 Edition
UV
TEST BANK
IA
_A
PP
Margaret H. Christ
RO
────────────────────────────────────────────────────
Comprehensive Test Bank for Instructors
VE
and Students
D
© Margaret H. Christ.
?
All rights reserved. Reproduction or distribution without permission is prohibited.
© BooksbyMed
, Cost Accounting: A Data Analytics Approach – 2024 Edition
(ISBN 9781266654015)
Margaret H. Christ
TABLE OF CONTENTS
Chapter 1. Strategic Management Questions and the Role of Management
Accountants
ST
Chapter 2. An Introduction to Cost Data
Chapter 3. Cost Behavior and Cost-Volume-Profit Analysis
Chapter 4. Job Costing
UV
Chapter 5. Two-Stage Cost Allocations and Activity-Based Costing
Chapter 6. Cost Allocation: Support-Department Costs and Joint Product
Costing
Chapter 7. Process Costing
IA
Chapter 8. Performance Measurement and Control
Chapter 9. Master Budgeting and Flexible Budgets
Chapter 10. Sales and Direct-Cost Variances
_A
Chapter 11. Indirect Cost Variances
Chapter 12. Strategy and the Balanced Scorecard
Chapter 13. Strategic Decision Making
Chapter 14. Capital Budgeting
PP
RO
VE
D ?
© BooksbyMed
,Student name:__________
1) Creating value through designing, manufacturing, selling, or trading products or services at a
price that is greater than the cost of creating and distributing those products or services is the
goal of which type of which of the following organizations?
A) Government
B) Nonprofit
C) For-profit
ST
D) Charities
UV
2) Which of the following is a strategic decision that management must make in order to
achieve its goal of maximizing long-term profits?
A) How often to file taxes
B) What price to set for company stock
IA
C) Who to appoint as CEO
D) What price to charge customers
_A
3) Considering the creation of value at a university, the graduates who get jobs would be which
element of the value chain?
A) Inputs
B) Processing
PP
C) Pricing
D) Output
RO
4) All of the items, events, and interactions that determine a company’s financial health and
well-being is
A) management accounting.
B) business process.
VE
C) business value.
D) business planning.
D?
Version 1 1
, 5) A coordinated, standardized set of activities conducted by both people and equipment to
accomplish a specific task is
A) management accounting.
B) business process.
C) business value.
D) business planning.
ST
6) A chain of critical business processes that create business value at a company is a(n)
A) significant value.
UV
B) process chain.
C) business chain.
D) value chain.
IA
7) Which of the following are the activities that directly create value for the company and its
customers?
A) Primary activities
_A
B) Secondary activities
C) Supporting activities
D) Infrastructure activities
PP
8) Which of the following adds value due to their deep knowledge of the costs associated with
the production and distribution of the company’s products or services, and the factors that
RO
increase or decrease the those costs?
A) Data scientists
B) Management accountants
C) Production managers
D) Logistics coordinators
VE
9) Which of the following is not considered a primary activity of the value chain?
A) Operations
D?
B) Marketing
C) Procurement
D) Logistics
Version 1 2
Analytics Approach
ST
2024 Edition
UV
TEST BANK
IA
_A
PP
Margaret H. Christ
RO
────────────────────────────────────────────────────
Comprehensive Test Bank for Instructors
VE
and Students
D
© Margaret H. Christ.
?
All rights reserved. Reproduction or distribution without permission is prohibited.
© BooksbyMed
, Cost Accounting: A Data Analytics Approach – 2024 Edition
(ISBN 9781266654015)
Margaret H. Christ
TABLE OF CONTENTS
Chapter 1. Strategic Management Questions and the Role of Management
Accountants
ST
Chapter 2. An Introduction to Cost Data
Chapter 3. Cost Behavior and Cost-Volume-Profit Analysis
Chapter 4. Job Costing
UV
Chapter 5. Two-Stage Cost Allocations and Activity-Based Costing
Chapter 6. Cost Allocation: Support-Department Costs and Joint Product
Costing
Chapter 7. Process Costing
IA
Chapter 8. Performance Measurement and Control
Chapter 9. Master Budgeting and Flexible Budgets
Chapter 10. Sales and Direct-Cost Variances
_A
Chapter 11. Indirect Cost Variances
Chapter 12. Strategy and the Balanced Scorecard
Chapter 13. Strategic Decision Making
Chapter 14. Capital Budgeting
PP
RO
VE
D ?
© BooksbyMed
,Student name:__________
1) Creating value through designing, manufacturing, selling, or trading products or services at a
price that is greater than the cost of creating and distributing those products or services is the
goal of which type of which of the following organizations?
A) Government
B) Nonprofit
C) For-profit
ST
D) Charities
UV
2) Which of the following is a strategic decision that management must make in order to
achieve its goal of maximizing long-term profits?
A) How often to file taxes
B) What price to set for company stock
IA
C) Who to appoint as CEO
D) What price to charge customers
_A
3) Considering the creation of value at a university, the graduates who get jobs would be which
element of the value chain?
A) Inputs
B) Processing
PP
C) Pricing
D) Output
RO
4) All of the items, events, and interactions that determine a company’s financial health and
well-being is
A) management accounting.
B) business process.
VE
C) business value.
D) business planning.
D?
Version 1 1
, 5) A coordinated, standardized set of activities conducted by both people and equipment to
accomplish a specific task is
A) management accounting.
B) business process.
C) business value.
D) business planning.
ST
6) A chain of critical business processes that create business value at a company is a(n)
A) significant value.
UV
B) process chain.
C) business chain.
D) value chain.
IA
7) Which of the following are the activities that directly create value for the company and its
customers?
A) Primary activities
_A
B) Secondary activities
C) Supporting activities
D) Infrastructure activities
PP
8) Which of the following adds value due to their deep knowledge of the costs associated with
the production and distribution of the company’s products or services, and the factors that
RO
increase or decrease the those costs?
A) Data scientists
B) Management accountants
C) Production managers
D) Logistics coordinators
VE
9) Which of the following is not considered a primary activity of the value chain?
A) Operations
D?
B) Marketing
C) Procurement
D) Logistics
Version 1 2
