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