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Unformatted text preview: Online Quizzes (See related pages) 1 Which of the following is NOT a reason for cost management information to be provided? A) Preparation of financial statements. B) Strategic management. C) Management and operational control. D) CMA. E) Planning and decision making. 2 Strategic management can be defined as the development of a sustainable: A) chain of command. B) competitive position. C) cash flow. D) business entity. E) company image. 3 Cost management information: A) is the information the manager needs to effectively manage the firm or not-for-profit organization. B) includes only financial information. C) is not needed for strategic management. D) is used only for management and operational control. E) is not needed to provide accurate accounting for inventory. 4 Which of the following isn't one of the issues facing the contemporary business world? A) The increase in global business environment. B) The decrease in the privatization of firms. C) The effects of the information technology and e-commerce. D) A renewed focus on the customer. 5 The process for creating competitive advantage in which a firm reorganizes its operating and management functions, often with the results that jobs are...
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- Fall '11