Cost Accounting: A Data Analytics
Approach 2024 Edition
ST
TEST BANK
UV
IA
_A
Margaret Christ
PP
Comprehensive Test Bank for Instructors
RO
and Students
VE
© Margaret Christ. All rights reserved. Reproduction or distribution without permission is
prohibited.
D?
?
©MEDGEEK
, TABLE OF CONTENTS
Test Bank – Cost Accounting: A Data Analytics Approach (2024 Edition)
(ISBN 9781266654015)
Margaret H. Christ
ST
Chapter 1. Strategic Management Questions and the Role of Management
Accountants,
UV
Chapter 2. An Introduction to Cost Data,
Chapter 3. Cost Behavior and Cost-Volume-Profit Analysis,
Chapter 4. Job Costing,
Chapter 5. Two-Stage Cost Allocations and Activity-Based Costing,
Chapter 6. Cost Allocation: Support-Department Costs and Joint Product
IA
Costing,
Chapter 7. Process Costing,
Chapter 8. Performance Measurement and Control,
_A
Chapter 9. Master Budgeting and Flexible Budgets,
Chapter 10. Sales and Direct-Cost Variances,
Chapter 11. Indirect Cost Variances,
Chapter 12. Strategy and the Balanced Scorecard,
PP
Chapter 13. Strategic Decision Making,
Chapter 14. Capital Budgeting
RO
VE
D?
?
©MEDGEEK
, 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?
ST
A) Government
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
_A
3) Considering the creation of value at a university, the graduates who get jobs would be which
element of the value chain?
A) Inputs
PP
B) Processing
C) Pricing
D) Output
RO
4) All of the items, events, and interactions that determine a company’s financial health and
well-being is
A) management accounting.
B) business process.
VE
C) business value.
D) business planning.
D?
?
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.
ST
C) business value.
D) business planning.
UV
6) A chain of critical business processes that create business value at a company is a(n)
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
_A
customers?
A) Primary activities
B) Secondary activities
C) Supporting activities
D) Infrastructure activities
PP
8) Which of the following adds value due to their deep knowledge of the costs associated with
the production and distribution of the company’s products or services, and the factors that
RO
increase or decrease the those costs?
A) Data scientists
B) Management accountants
C) Production managers
D) Logistics coordinators
VE
9) Which of the following is not considered a primary activity of the value chain?
A) Operations
D?
B) Marketing
C) Procurement
D) Logistics
?
Version 1 2
Approach 2024 Edition
ST
TEST BANK
UV
IA
_A
Margaret Christ
PP
Comprehensive Test Bank for Instructors
RO
and Students
VE
© Margaret Christ. All rights reserved. Reproduction or distribution without permission is
prohibited.
D?
?
©MEDGEEK
, TABLE OF CONTENTS
Test Bank – Cost Accounting: A Data Analytics Approach (2024 Edition)
(ISBN 9781266654015)
Margaret H. Christ
ST
Chapter 1. Strategic Management Questions and the Role of Management
Accountants,
UV
Chapter 2. An Introduction to Cost Data,
Chapter 3. Cost Behavior and Cost-Volume-Profit Analysis,
Chapter 4. Job Costing,
Chapter 5. Two-Stage Cost Allocations and Activity-Based Costing,
Chapter 6. Cost Allocation: Support-Department Costs and Joint Product
IA
Costing,
Chapter 7. Process Costing,
Chapter 8. Performance Measurement and Control,
_A
Chapter 9. Master Budgeting and Flexible Budgets,
Chapter 10. Sales and Direct-Cost Variances,
Chapter 11. Indirect Cost Variances,
Chapter 12. Strategy and the Balanced Scorecard,
PP
Chapter 13. Strategic Decision Making,
Chapter 14. Capital Budgeting
RO
VE
D?
?
©MEDGEEK
, 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?
ST
A) Government
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
_A
3) Considering the creation of value at a university, the graduates who get jobs would be which
element of the value chain?
A) Inputs
PP
B) Processing
C) Pricing
D) Output
RO
4) All of the items, events, and interactions that determine a company’s financial health and
well-being is
A) management accounting.
B) business process.
VE
C) business value.
D) business planning.
D?
?
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.
ST
C) business value.
D) business planning.
UV
6) A chain of critical business processes that create business value at a company is a(n)
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
_A
customers?
A) Primary activities
B) Secondary activities
C) Supporting activities
D) Infrastructure activities
PP
8) Which of the following adds value due to their deep knowledge of the costs associated with
the production and distribution of the company’s products or services, and the factors that
RO
increase or decrease the those costs?
A) Data scientists
B) Management accountants
C) Production managers
D) Logistics coordinators
VE
9) Which of the following is not considered a primary activity of the value chain?
A) Operations
D?
B) Marketing
C) Procurement
D) Logistics
?
Version 1 2
