Accounting 2 quiz - stations. A) True B) False Correct...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Accounting 2 quiz 1. The controller occupies a staff position in an organization. A) True B) False Correct Answer(s): True 2. A strategy is a game plan that enables a company to attract customers by mimicking what successful competitors do. A) True B) False Correct Answer(s): False 3. Customer value propositions tend to fall into three broad categories–theory of constraints, six sigma, and enterprise risk management. A) True B) False Correct Answer(s): False 4. Companies that choose an operational excellence strategy are in essence saying to their customers, "Choose us because we can deliver products and services faster, more conveniently, and at a lower price than our competitors." A) True B) False Correct Answer(s): True 5. A value chain consists of the major subassemblies that add value to a product. A) True B) False
Background image of page 1

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

View Full DocumentRight Arrow Icon
Correct Answer(s): False 6. Efforts designed to increase the rate of output should generally be applied to non-constraint work
Background image of page 2
Background image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: stations. A) True B) False Correct Answer(s): False 7. The lean thinking model focuses on reducing defects to as close to zero as possible. A) True B) False Correct Answer(s): False 8. Six Sigma is a process improvement method that targets a system's constraint for process improvement. A) True B) False Correct Answer(s): False 9. The Sarbanes-Oxley Act of 2002 was intended to protect the interests of those who invest in publicly traded companies by ensuring that their original investments could be recovered in case of fraud. A) True B) False Correct Answer(s): False 10. Enterprise risk management involves replacing risky investments with investments in low-risk government securities. A) True B) False Correct Answer(s): False...
View Full Document

This note was uploaded on 09/15/2011 for the course ACCT 2402 taught by Professor Lewis during the Spring '10 term at Lone Star College System.

Page1 / 3

Accounting 2 quiz - stations. A) True B) False Correct...

This preview shows document pages 1 - 3. Sign up to view the full document.

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