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Multiple Choice Quiz
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1
Which major activities do managers carry out?
A)Planning.
B)Directing and motivating.
C)Controlling.
D)All of the above.
2
In an organizational chart, what do the boxes represent?
A)Line positions.
B)Staff positions.
C)Areas of management responsibility.
D)Informal relationships.
3
In the United States, the manager of the accounting department is known as the:
A)Chief Financial Officer (CFO).
B)Controller.
C)Accounting department manager.
D)Chief Executive Officer (CEO).
4
Recent information suggests that management accounting is about helping managers pursue organizational goals, and that:
A)Growing numbers of management accountants spend the bulk of their time as internal consultants or business analysts.
B)Technical advances have liberated them from the mechanical aspects of accounting.
C)Management accountants work on cross-functional teams, and have extensive face-to-face communications with people throughout their organizations.
D)All of the above.
5
Since the early 1980's, companies have gone through several waves of improvement programs. All of the following represent improvement programs except:
A)Just-in-time (JIT).
B)Total Quality Management (TQM).
C)Process Reengineering.
D)Control Theory (CT).
6
The just in-time (JIT) production facet of the lean thinking model would likely have the most profound effects on the operations of companies that maintain:
A)raw materials, work in process, and finished goods inventories.
B)raw materials and work in process inventories.
C)raw materials and finished goods inventories.
D)work in process and finished goods inventories.
7
Which of the following is true of just-in-time (JIT) production systems?
A)Raw materials are received just in time to go into production.
B)Marketing is scheduled just in time to generate customer orders.
C)The flow of goods is controlled by a push approach.
D)JIT approaches can be contrasted with conventional approaches which advocate a pull approach.
8
Which of the following is a procedure inherent in the Theory of Constraints?
A)Identify the strongest link.
B)Do not place a greater strain on the system that the strongest link can handle.
C)Concentrate improvement efforts on strengthening the strongest link.
D)Improvement efforts must be focused on the constraint.
9
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.
D)Theory of Constraints
10
The IMA's Standards of Ethical conduct for Practitioners of Management Accounting and Financial Accounting includes which of the following broad categories?
A)Competence.
B)Confidentiality.
C)Integrity.
D)All of the above.





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