ACC 406 test 2 terms (chap. 7,9,10,11) exam with correct answers

ACC 406 test 2 terms (chap. |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\




7,9,10,11) exam with correct |||\\\ |||\\\ |||\\\ |||\\\




answers
Activity Analysis - correct answer✔✔the process of identifying, describing and evaluating the
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activities an organization performs |||\\\ |||\\\ |||\\\




Activity Attributes - correct answer✔✔non financial and financial information that describes
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individual activities |||\\\




Activity- based Management - correct answer✔✔a systemwide integrated approach that
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focuses management's attention on activities with the objective of improving customer value
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and the profit achieved by providing this value (including driver analysis, activity analysis and
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performance evaluation) |||\\\




Activity Dictionary - correct answer✔✔a list of activities described by specific attributes such
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as name, definition, classification as primary or secondary and activity driver
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Activity Drivers - correct answer✔✔factors that measure the consumption of activities by
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products and other cost objects |||\\\ |||\\\ |||\\\ |||\\\




Activity Elimination - correct answer✔✔the process of eliminating non value added activities
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Activity Inputs - correct answer✔✔the resources consumed by an activity in producing its
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output



Activity Output - correct answer✔✔The result or product of an activity
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, Activity Output Measure - correct answer✔✔the number of times an activity is performed
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Activity Reduction - correct answer✔✔decreasing the time and resources required by an
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activity



Activity Selection - correct answer✔✔the process of choosing among sets of activities caused
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by competing strategies
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Activity Sharing - correct answer✔✔increasing the efficiency of necessary activities by using
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economies of scale |||\\\ |||\\\




Appraisal Costs - correct answer✔✔costs incurred to determine whether products and
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services are conforming to requirements |||\\\ |||\\\ |||\\\ |||\\\




Consumption Ratio - correct answer✔✔the proportion of an overhead activity consumed by a |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\




product



Control Activities - correct answer✔✔activities performed by an organization to prevent or
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detect poor quality |||\\\ |||\\\




Control Costs - correct answer✔✔costs incurred from performing control activities
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Costs of Quality - correct answer✔✔costs incurred because poor quality may exist or because
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poor quality does exist
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Cycle time - correct answer✔✔the length of time required to produce one unit of a product
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