Cost Accounting, 14e, Test Bank Ch13
Cost Accounting ()ةيمالسإال ةعماجال
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,Cost Accounting, 14e, Global Edition (Horngren/Datar/Rajan)
Chapter 13 Strategy, Balanced Scorecard, and Strategic Profitability Analysis
Objective 13.1
1) describes how an organization matches its own capabilities with the opportunities in the
marketplace to accomplish its overall objectives.
A) Strategy
B) Planning
C) Learning and growth perspective
D) Customer perspective
Answer: A
Diff: 1
Terms: total quality management (TQM)
Objective: 1
AACSB: Reflective thinking
2) In general, profit potential with greater competition, stronger potential entrants, products
that are similar, and more-demanding customers and suppliers.
A) increases
B) stays constant
C) decreases
D) increases exponentially
Answer: C
Diff: 1
Terms: five force industry analysis
Objective: 1
AACSB: Reflective thinking
3) Which of the following is NOT a force that shapes an organization's profit potential?
A) Competitors
B) Equivalent products
C) Bargaining power of input suppliers
D) All of these answers are correct.
Answer: D
Diff: 2
Terms: five force industry analysis
Objective: 1
AACSB: Reflective thinking
1
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,4) Which of the following is a force that shapes an organization's profit potential?
A) Investors
B) Potential entrants into the market
C) Creditors
D) Research and development
Answer: B
Diff: 2
Terms: five force industry analysis
Objective: 1
AACSB: Reflective thinking
5) is an organization's ability to offer products or services that are perceived by its customers
as being superior and unique relative to those of its competitors.
A) Strategy
B) Product differentiation
C) Cost leadership
D) The balanced scorecard
Answer: B
Diff: 1
Terms: product differentiation
Objective: 1
AACSB: Reflective thinking
6) is an organization's ability to achieve low costs relative to competitors through productivity
and efficiency improvements, elimination of waste, and tight cost control.
A) Strategy
B) Product differentiation
C) Cost leadership
D) The balanced scorecard
Answer: C
Diff: 1
Terms: cost leadership
Objective: 1
AACSB: Reflective thinking
7) An organization that is using the product differentiation approach would:
A) focus on tight cost control
B) carefully cultivate their brands
C) provide products that are similar to competitors
D) offer products at a lower cost than competitors
Answer: B
Diff: 2
Terms: product differentiation
Objective: 1
AACSB: Reflective thinking
2
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, 8) An organization that is using the cost leadership approach would:
A) incur costs for innovative R&D
B) provide products at a higher cost than competitors
C) focus on productivity through efficiency improvements
D) bring products to market rapidly
Answer: C
Diff: 2
Terms: cost leadership
Objective: 1
AACSB: Reflective thinking
Answer the following questions using the information below:
Stewart Corporation plans to grow by offering a sound system, the SS3000, that is superior and unique
from the competition. Stewart believes that putting additional resources into R&D and staying ahead of
the competition with technological innovations is critical to implementing its strategy.
9) Stewart's strategy is:
A) product differentiation
B) downsizing
C) reengineering
D) cost leadership
Answer: A
Diff: 2
Terms: product differentiation
Objective: 1
AACSB: Reflective thinking
Answer the following questions using the information below:
Riter Corporation manufactures water toys. It plans to grow by producing high-quality water toys at a
low cost that are delivered in a timely manner. There are a number of other manufacturers who produce
similar water toys. Riter believes that continuously improving its manufacturing processes and having
satisfied employees are critical to implementing its strategy.
10) Riter's strategy is:
A) product differentiation
B) downsizing
C) reengineering
D) cost leadership
Answer: D
Diff: 2
Terms: cost leadership
Objective: 1
AACSB: Ethical reasoning
3
Copyright © 2012 Pearson Education
Downloaded by Ellis One ()
Cost Accounting ()ةيمالسإال ةعماجال
Studocu is not sponsored or endorsed by any college or university
Downloaded by Ellis One ()
,Cost Accounting, 14e, Global Edition (Horngren/Datar/Rajan)
Chapter 13 Strategy, Balanced Scorecard, and Strategic Profitability Analysis
Objective 13.1
1) describes how an organization matches its own capabilities with the opportunities in the
marketplace to accomplish its overall objectives.
A) Strategy
B) Planning
C) Learning and growth perspective
D) Customer perspective
Answer: A
Diff: 1
Terms: total quality management (TQM)
Objective: 1
AACSB: Reflective thinking
2) In general, profit potential with greater competition, stronger potential entrants, products
that are similar, and more-demanding customers and suppliers.
A) increases
B) stays constant
C) decreases
D) increases exponentially
Answer: C
Diff: 1
Terms: five force industry analysis
Objective: 1
AACSB: Reflective thinking
3) Which of the following is NOT a force that shapes an organization's profit potential?
A) Competitors
B) Equivalent products
C) Bargaining power of input suppliers
D) All of these answers are correct.
Answer: D
Diff: 2
Terms: five force industry analysis
Objective: 1
AACSB: Reflective thinking
1
Copyright © 2012 Pearson Education
Downloaded by Ellis One ()
,4) Which of the following is a force that shapes an organization's profit potential?
A) Investors
B) Potential entrants into the market
C) Creditors
D) Research and development
Answer: B
Diff: 2
Terms: five force industry analysis
Objective: 1
AACSB: Reflective thinking
5) is an organization's ability to offer products or services that are perceived by its customers
as being superior and unique relative to those of its competitors.
A) Strategy
B) Product differentiation
C) Cost leadership
D) The balanced scorecard
Answer: B
Diff: 1
Terms: product differentiation
Objective: 1
AACSB: Reflective thinking
6) is an organization's ability to achieve low costs relative to competitors through productivity
and efficiency improvements, elimination of waste, and tight cost control.
A) Strategy
B) Product differentiation
C) Cost leadership
D) The balanced scorecard
Answer: C
Diff: 1
Terms: cost leadership
Objective: 1
AACSB: Reflective thinking
7) An organization that is using the product differentiation approach would:
A) focus on tight cost control
B) carefully cultivate their brands
C) provide products that are similar to competitors
D) offer products at a lower cost than competitors
Answer: B
Diff: 2
Terms: product differentiation
Objective: 1
AACSB: Reflective thinking
2
Copyright © 2012 Pearson Education
Downloaded by Ellis One ()
, 8) An organization that is using the cost leadership approach would:
A) incur costs for innovative R&D
B) provide products at a higher cost than competitors
C) focus on productivity through efficiency improvements
D) bring products to market rapidly
Answer: C
Diff: 2
Terms: cost leadership
Objective: 1
AACSB: Reflective thinking
Answer the following questions using the information below:
Stewart Corporation plans to grow by offering a sound system, the SS3000, that is superior and unique
from the competition. Stewart believes that putting additional resources into R&D and staying ahead of
the competition with technological innovations is critical to implementing its strategy.
9) Stewart's strategy is:
A) product differentiation
B) downsizing
C) reengineering
D) cost leadership
Answer: A
Diff: 2
Terms: product differentiation
Objective: 1
AACSB: Reflective thinking
Answer the following questions using the information below:
Riter Corporation manufactures water toys. It plans to grow by producing high-quality water toys at a
low cost that are delivered in a timely manner. There are a number of other manufacturers who produce
similar water toys. Riter believes that continuously improving its manufacturing processes and having
satisfied employees are critical to implementing its strategy.
10) Riter's strategy is:
A) product differentiation
B) downsizing
C) reengineering
D) cost leadership
Answer: D
Diff: 2
Terms: cost leadership
Objective: 1
AACSB: Ethical reasoning
3
Copyright © 2012 Pearson Education
Downloaded by Ellis One ()
