EXAM 1 - EXAM 1 1. Inventories consisting of units of...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
EXAM 1 1. Inventories consisting of units of product that are only partially complete are called _______________. A) finished goods B) raw materials C) work in process D) none of these Points Earned: 0.0/1.0 Correct Answer(s): C 2. Which of the following is NOT one of the three major customer value propositions discussed in the text? A) customer intimacy B) operational excellence C) zero defects D) product leadership Points Earned: 0.0/1.0 Correct Answer(s): C 3. _________________ is an example of a staff position. A) Sales manager for a manufacturer B) President of a merchandising company C) Store manager for Best Buy D) Human resource manager for a community college Points Earned: 0.0/1.0 Correct Answer(s): D
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
4. Dorra Corporation manufactures lawnmowers in five work stations. Dorra's weekly demand is 5,000 mowers but Dorra can only produce 4,200. According to the theory of constraints, to increase production output Dorra would benefit the most by concentrating improvement efforts on the: A) first work station. B) last work station. C) largest work station. D) fastest work station. E) slowest work station. Points Earned: 0.0/1.0 Correct Answer(s): E 5. Decentralization refers to: A) reporting for the company as a whole. B) focusing reporting on parts of the company. C) the delegation of decision-making authority throughout an organization. D) differences in organizations. Points Earned: 0.0/1.0 Correct Answer(s): C 6. The process improvement method that relies on customer feedback and fact-based data gathering and analysis techniques to drive process improvement is known as: A) just-in-time production. B) lean thinking model. C) Six Sigma.
Background image of page 2
D) Theory of Constraints Points Earned: 0.0/1.0 Correct Answer(s): C 7. The Institute of Management Accountants' Statement of Ethical Professional Practice
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 07/10/2010 for the course ACCOUNTING 222 taught by Professor Cordes during the Spring '10 term at Johnson County Community College.

Page1 / 8

EXAM 1 - EXAM 1 1. Inventories consisting of units of...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online