TEST BANK
Cost Accounting: A Data Analytics
Approach
ST
Margaret H. Christ
UV
2024 Edition
IA
?_
AP
PR
OV
ED
? ?
, TABLE OF CONTENTS
Cost Accounting: A Data Analytics Approach (2024 Edition)
Margaret H. Christ
ST
Chapter 1 Strategic Management Questions and the Role of Management Accountants
Chapter 2 An Introduction to Cost Data
UV
Chapter 3 Cost Behavior and Cost-Volume-Profit Analysis
Chapter 4 Job Costing
Chapter 5 Two-Stage Cost Allocations and Activity-Based Costing
IA
Chapter 6 Cost Allocation: Support-Department Costs and Joint Product Costing
Chapter 7 Process Costing
?_
Chapter 8 Performance Measurement and Control
Chapter 9 Master Budgeting and Flexible Budgets
AP
Chapter 10 Sales and Direct-Cost Variances
Chapter 11 Indirect Cost Variances
PR
Chapter 12 Strategy and the Balanced Scorecard
Chapter 13 Strategic Decision Making
Chapter 14 Capital Budgeting
OV
ED
??
, 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
ST
B) Nonprofit
C) For-profit
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
IA
B) What price to set for company stock
C) Who to appoint as CEO
D) What price to charge customers
?_
3) Considering the creation of value at a university, the graduates who get jobs would be which
AP
element of the value chain?
A) Inputs
B) Processing
C) Pricing
PR
D) Output
4) All of the items, events, and interactions that determine a company’s financial health and
OV
well-being is
A) management accounting.
B) business process.
C) business value.
D) business planning.
ED
??
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.
ST
D) business planning.
6) A chain of critical business processes that create business value at a company is a(n)
UV
A) significant value.
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
B) Secondary activities
C) Supporting activities
AP
D) Infrastructure activities
8) Which of the following adds value due to their deep knowledge of the costs associated with
PR
the production and distribution of the company’s products or services, and the factors that
increase or decrease the those costs?
A) Data scientists
OV
B) Management accountants
C) Production managers
D) Logistics coordinators
ED
9) Which of the following is not considered a primary activity of the value chain?
A) Operations
B) Marketing
C) Procurement
??
D) Logistics
Version 1 2
Cost Accounting: A Data Analytics
Approach
ST
Margaret H. Christ
UV
2024 Edition
IA
?_
AP
PR
OV
ED
? ?
, TABLE OF CONTENTS
Cost Accounting: A Data Analytics Approach (2024 Edition)
Margaret H. Christ
ST
Chapter 1 Strategic Management Questions and the Role of Management Accountants
Chapter 2 An Introduction to Cost Data
UV
Chapter 3 Cost Behavior and Cost-Volume-Profit Analysis
Chapter 4 Job Costing
Chapter 5 Two-Stage Cost Allocations and Activity-Based Costing
IA
Chapter 6 Cost Allocation: Support-Department Costs and Joint Product Costing
Chapter 7 Process Costing
?_
Chapter 8 Performance Measurement and Control
Chapter 9 Master Budgeting and Flexible Budgets
AP
Chapter 10 Sales and Direct-Cost Variances
Chapter 11 Indirect Cost Variances
PR
Chapter 12 Strategy and the Balanced Scorecard
Chapter 13 Strategic Decision Making
Chapter 14 Capital Budgeting
OV
ED
??
, 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
ST
B) Nonprofit
C) For-profit
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
IA
B) What price to set for company stock
C) Who to appoint as CEO
D) What price to charge customers
?_
3) Considering the creation of value at a university, the graduates who get jobs would be which
AP
element of the value chain?
A) Inputs
B) Processing
C) Pricing
PR
D) Output
4) All of the items, events, and interactions that determine a company’s financial health and
OV
well-being is
A) management accounting.
B) business process.
C) business value.
D) business planning.
ED
??
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.
ST
D) business planning.
6) A chain of critical business processes that create business value at a company is a(n)
UV
A) significant value.
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
B) Secondary activities
C) Supporting activities
AP
D) Infrastructure activities
8) Which of the following adds value due to their deep knowledge of the costs associated with
PR
the production and distribution of the company’s products or services, and the factors that
increase or decrease the those costs?
A) Data scientists
OV
B) Management accountants
C) Production managers
D) Logistics coordinators
ED
9) Which of the following is not considered a primary activity of the value chain?
A) Operations
B) Marketing
C) Procurement
??
D) Logistics
Version 1 2
