managerialtest1sp10noanswers

- managerialtest1sp10 Student 1 Managerial accounting places considerable weight on A generally accepted accounting principles B the financial

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managerialtest1sp10 Student: ___________________________________________________________________________ 1. Managerial accounting places considerable weight on: A. generally accepted accounting principles. B. the financial history of the entity. C. ensuring that all transactions are properly recorded. D. detailed segment reports about departments, products, and customers. 2. The phase of accounting concerned with providing information to managers for use in planning and controlling operations and in decision making is called: A. throughput time. B. managerial accounting. C. financial accounting. D. controlling. 3. For a manufacturing company, what type of position (line or staff) is each of the following? A. Item A B. Item B C. Item C D. Item D 4. ______________ is an example of a line position. A. Controller for a merchandising company B. Chief financial officer of a merchandising company C. Store manager for Best Buy D. Human resources manager for a community college
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5. Which of the following is NOT one of the five steps in the lean thinking model discussed in the text? A. Continuously pursue perfection in the business process. B. Identify value in specific products/services. C. Implement an enterprise system. D. Create a pull system that responds to customer orders. 6. One consequence of a change from a push to a properly implemented pull production system can be: A. an increase in work in process inventories. B. an extremely difficult cultural change due to enforced idleness when demand falls below production capacity. C. an increased mismatch between what is produced and what is demanded by customers. D. an increase in raw materials inventories. 7. The five step framework used to guide Six Sigma improvement efforts includes all of the following EXCEPT: A. Analyze. B. Control. C. Digitize. D. Measure. 8. The Sarbanes-Oxley Act of 2002 contains all of the following provisions EXCEPT: A. The audit committee of the board of directors of a company must hire, compensate, and terminate the public accounting firm that audits the company's financial reports. B. Financial statements must be audited once every three years by the Government Accounting Office. C. Both the CEO and CFO must certify in writing that their company's financial statements and accompanying disclosures fairly represent the results of operations. D. A company's annual report must contain an internal control report. 9. The Institute of Management Accountants' Standards of Ethical Conduct contains a policy regarding confidentiality that requires that management accountants: A. refrain from disclosing confidential information acquired in the course of their work except when authorized by management. B. refrain from disclosing confidential information acquired in the course of their work in all situations.
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This note was uploaded on 04/08/2010 for the course BD 72101 taught by Professor Henrybrian during the Spring '10 term at École Normale Supérieure.

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- managerialtest1sp10 Student 1 Managerial accounting places considerable weight on A generally accepted accounting principles B the financial

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