Practice exam chapter 1

Practice exam chapter 1 - NOREEN MANAGERIAL ACCOUNTING FOR...

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NOREEN MANAGERIAL ACCOUNTING FOR MANAGERS 2E Practice Exam – Chapter 1 Print these pages. Answer each of the following questions, explaining your answers or showing your work, as appropriate, and then compare your solutions to those provided at the end of the practice exam. 1. Indicate beside each statement below whether it is True (T) or False (F): a. _____ The focal point of a company’s strategy should be its target customers. b. _____ If an organization delegates decision making authority throughout the organization, it is said to be a centralized organization. c. _____ Informal as well as formal relationships within an organization are usually depicted on an organization chart. d. _____ Persons directly involved in achieving the basic objectives of the organization have line positions, while persons indirectly involved in achieving those basic objectives are in staff positions. e. _____ The Chief Financial Officer (CFO) may have both the controller and the treasurer reporting to him or her. 2. For each of the following, indicate whether the description most closely relates to the concepts of Lean Thinking Model (LTM), Six Sigma (SS), or the Theory of Constraints (TOC): (LTM) (SS) (TOC) Focusing your effort on the
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Practice exam chapter 1 - NOREEN MANAGERIAL ACCOUNTING FOR...

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