Test Bank for Cost Management Strategic Emphasis 9th Edition Blocher

, DOWNLOAD THE Test Bank for Cost Management Strategic Emphasis
9th Edition Blocher
Cost Management A Strategic Emphasis 5th Edition by
Blocher CH01
MULTIPLE CHOICE - Choose the one alternative that best completes the statement
or answers the question.
1) Which of the following does not represent a main focus of cost management information?
1) ______


A) Strategic management.
B) Performance measurement.
C) Planning and decision making.
D) Preparation of financial statements.
E) Internal audit and control.



2) Strategic management can be defined as the development of a sustainable:
2) ______


A) Chain of command.
B) Competitive position.
C) Cash flow.
D) Business entity.
E) Company image.



3) Cost management has moved from a traditional role of product costing and
operational control to a broader strategic focus, which places an emphasis on:
3) ______


A) Competitive pricing.
B) Domestic marketing.
C) Short-term thinking.
D) Strategic thinking.
E) Independent judgment.



4) Cost management is used to analyze the cost consequences of different design choices
and to measure and report the many aspects of quality, including all of the following except:
4) ______


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, DOWNLOAD THE Test Bank for Cost Management Strategic Emphasis
9th Edition Blocher
Cost Management A Strategic Emphasis 5th Edition by
Blocher CH01
A) Wasted labor or materials.
B) The nature of complaints, warranty costs, and product recalls.
C) The short- and long-term goals of sustainability.
D) The number of service calls.
E) Production breakdowns.



5) In a local factory, employees are rewarded for finding new and better ways of
changing the way they work. This company is motivating its employees to use what management
technique?
5) ______


A) Benchmarking.
B) Activity-Based Costing.
C) Theory of Constraints.
D) Continuous Improvement.
E) Total Quality Management.



6) A company's management accountant is trying to improve the way costs are
allocated within the company. Currently, several corporate expenses are grouped together and
labeled "overhead." If the accountant wanted to use activity-based costing (ABC) to help solve the
problem, what should she do?
6) ______


A) She should try to trace the departments' costs to their cost objects, and then charge
each department based on those cost relationships.
B) She should research how the company's competitors are allocating their costs,
and then implement one of those strategies.
C) She should look for bottlenecks within the production process, and try to eliminate
them, thus reducing costs.
D) She should examine the firm's value chain and apply target costing before adopting
activity-based costing (ABC)
E) She should identify and monitor the costs of a product throughout its life cycle to see
where the costs mostly come from.




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, DOWNLOAD THE Test Bank for Cost Management Strategic Emphasis
9th Edition Blocher
Cost Management A Strategic Emphasis 5th Edition by
Blocher CH01
7) The difference between wholesalers and retailers is:
7) ______


A) Wholesalers are merchandisers that sell directly to customers whereas retailers are
merchandisers that sell to other merchandisers.
B) Wholesalers are merchandisers that sell to other merchandisers whereas retailers are
merchandisers that sell directly to consumers.
C) Wholesalers are merchandisers that sell directly to the government whereas retailers
are merchandisers that sell to other merchandisers.
D) Wholesalers are merchandisers that sell directly to customers whereas retailers are
merchandisers that sell directly to the government.
E) There is no difference between wholesalers and retailers.



8) When managers produce value for the customer, their orientation consists of all
the following except:
8) ______


A) Quality.
B) Timeliness of delivery.
C) The ability to respond to the customer's desire for specific features.
D) State of the art manufacturing facilities.
E) Service.



9) In which of the following situations would Theory of Constraints be useful?
9) ______


A) Firms that have just adopted lean manufacturing.
B) Balanced, fast movement of product through the plant.
C) Management wants its products to have competitive prices that earn a desired profit.
D) Long lines at checkout stands.
E) Competitors have started to focus on sustainability and have found success in the
public’s eyes.




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