TEST BANK
Cost Accounting: A Data Analytics Approach
By Margaret H. Christ, D. Kip Holderness and
Vernon Richardson
N
U
R
SE
D
O
C
S
,TABLE OF CONTENT
1. Strategic Management Questions and the Role of Management Accountants 2. An
Introduction to Cost Data
3. Cost Behavior and Cost-Volume-Profit Analysis
4. Job Costing
5. Two-Stage Cost Allocations and Activity-Based Costing
6. Cost Allocation: Support-Department Costs and Joint Product Costing
N
7. Process Costing
U
8. Performance Measurement and Control
9. Master Budgeting and Flexible Budgets
R
10. Sales and Direct-Cost Variances
11. Indirect Cost Variances
SE
12. Strategy and the Balanced Scorecard
13. Strategic Decision Making
14. Capital Budgeting
D
O
C
S
,Student name:__________
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?
Government
Nonprofit
For-profit
N
Charities
U
Which of the following is a strategic decision that management must make in order to achieve its
goal of maximizing long-term profits?
R
How often to file taxes
SE
What price to set for company stock
Who to appoint as CEO
What price to charge customers
D
Considering the creation of value at a university, the graduates who get jobs would be which
element of the value chain?
O
Inputs
Processing
C
Pricing
Output
S
All of the items, events, and interactions that determine a company’s financial health and well-
being is
management accounting.
Version 1 1
, business process.
business value.
business planning.
A coordinated, standardized set of activities conducted by both people and equipment to
accomplish a specific task is
N
management accounting.
business process.
U
business value.
business planning.
R
SE
A chain of critical business processes that create business value at a company is a(n)
significant value.
process chain.
business chain.
D
value chain.
O
Which of the following are the activities that directly create value for the company and its
C
customers?
Primary activities
S
Secondary activities
Supporting activities
Infrastructure activities
Version 1 2
Cost Accounting: A Data Analytics Approach
By Margaret H. Christ, D. Kip Holderness and
Vernon Richardson
N
U
R
SE
D
O
C
S
,TABLE OF CONTENT
1. Strategic Management Questions and the Role of Management Accountants 2. An
Introduction to Cost Data
3. Cost Behavior and Cost-Volume-Profit Analysis
4. Job Costing
5. Two-Stage Cost Allocations and Activity-Based Costing
6. Cost Allocation: Support-Department Costs and Joint Product Costing
N
7. Process Costing
U
8. Performance Measurement and Control
9. Master Budgeting and Flexible Budgets
R
10. Sales and Direct-Cost Variances
11. Indirect Cost Variances
SE
12. Strategy and the Balanced Scorecard
13. Strategic Decision Making
14. Capital Budgeting
D
O
C
S
,Student name:__________
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?
Government
Nonprofit
For-profit
N
Charities
U
Which of the following is a strategic decision that management must make in order to achieve its
goal of maximizing long-term profits?
R
How often to file taxes
SE
What price to set for company stock
Who to appoint as CEO
What price to charge customers
D
Considering the creation of value at a university, the graduates who get jobs would be which
element of the value chain?
O
Inputs
Processing
C
Pricing
Output
S
All of the items, events, and interactions that determine a company’s financial health and well-
being is
management accounting.
Version 1 1
, business process.
business value.
business planning.
A coordinated, standardized set of activities conducted by both people and equipment to
accomplish a specific task is
N
management accounting.
business process.
U
business value.
business planning.
R
SE
A chain of critical business processes that create business value at a company is a(n)
significant value.
process chain.
business chain.
D
value chain.
O
Which of the following are the activities that directly create value for the company and its
C
customers?
Primary activities
S
Secondary activities
Supporting activities
Infrastructure activities
Version 1 2
