| 1-1 | What is the basic difference in orientation between financial and managerial accounting? |
| 1-2 | What is meant by a business strategy? |
| 1-3 | Describe the three broad categories of customer value propositions. |
| 1-4 | Describe the three major activities of a manager. |
| 1-5 | What are the four steps in the planning and control cycle? |
| 1-6 | What are the major differences between financial and managerial accounting? |
| 1-7 | Distinguish between line and staff positions in an organization. |
| 1-8 | Describe the basic responsibilities of the Chief Financial Officer. |
| 1-9 | What are the three main categories of inventories in a manufacturing company? |
| 1-10 | What are the five steps in the lean thinking model? |
| 1-11 | What are the major benefits from successful implementation of the lean thinking model? |
| 1-12 | Describe what is meant by a “pull” production system. |
| 1-13 | Where does the Theory of Constraints recommend that improvement efforts be focused? |
| 1-14 | Briefly describe Six Sigma. |
| 1-15 | Describe the five stages in the Six Sigma DMAIC Framework. |
| 1-16 | What is an enterprise system supposed to accomplish? |
| 1-17 | Why is adherence to ethical standards important for the smooth functioning of an advanced market economy? |
| 1-18 | Describe what is meant by corporate governance. |
| 1-19 | Briefly describe what is meant by enterprise risk management. |
