Investigating production variances and adjusting the production process is an

Investigating production variances and adjusting the

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106. Investigating production variances and adjusting the production process is an example of a. planning.b. control.c. internal auditing.d. both a and c.ANSWER: b 107. In a performance report, the 108. Evaluating the performance of a segment of the company is an example of
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Chapter 1: Introduction to Cost Management 109. The formulation of a program for the accomplishment of a specific purpose is referred to as 110. The manager has to decide what tasks are needed and how they should be accomplished. This statement describes a. the organization chart.b. planning.c. organizing.d. none of these.ANSWER: b 111. The monitoring of a plan's implementation is called 112. Inspecting units produced to determine if they meet specifications is an example of 113. Continuous improvement is
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Chapter 1: Introduction to Cost Management 114. Which of the following describes the managerial activity of comparing actual results with budgeted results? a. controlb. continuous improvementc. planningd. decision makingANSWER: a 115. Managers are considering outsourcing sub-components of production. Data is collected about the costs of makingthe sub-component. Different bids are sought about the purchase of the sub-components. Which managerial activityis applicable in this situation? 116. In a company, engineers have redesigned production processes lowering production costs, shortening productioncycle time, reducing waste and improving quality. Which type of managerial activity applies to this situation?
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