29 Jun Question 1. Question : Which of the following is
Question
1. Question : Which of the following is a contemporary management technique used by the management accountant to identify and monitor the costs of a product throughout all steps from product design to the finished product?
Enterprise risk management.
Target costing.
Life cycle costing.
Enterprise sustainability.
Instructor Explanation: Feedback: Learning Objective: 01-03 Explain the contemporary management techniques and how they are used in cost management to respond to the contemporary business environment
Question 2. Question : Non-financial measures of operations include all the following except:
Stock price.
Product quality.
Customer satisfaction.
Market share.
Instructor Explanation: Feedback: Learning Objective: 01-03 Explain the contemporary management techniques and how they are used in cost management to respond to the contemporary business environment Topic: Strategy
Question 3. Question : Of the following, which aspect of a contemporary management technique is a framework and process that organizations use to manage the occurrence of possible events that could negatively or positively affect the company’s competitiveness and success?
Total quality management
Lean accounting
The theory of constraints
Enterprise sustainability
Enterprise risk management
Instructor Explanation: Feedback: Learning Objective: 01-03 Explain the contemporary management techniques and how they are used in cost management to respond to the contemporary business environment
Question 4. Question : A firm that has traditionally succeeded on the basis of its innovative products and excellent customer service has started to place greater emphasis on reducing waste and providing its customers with the lowest priced product. Which of the following most accurately describes this change of competitive strategy?
Cost leadership to differentiation.
A balanced strategy to cost leadership.
Differentiation to a balanced strategy.
Cost leadership to a balanced strategy.
Differentiation to cost leadership.
Instructor Explanation: Feedback: Learning Objective: 01-04 Explain the different types of competitive strategies Topic: Service Topic: Strategy
Question 5. Question : The declining value of the U.S. dollar relative to other currencies in recent years means that:
U.S. exporters will face a greater challenge in exporting U.S.-made products.
U.S. firms will be eager to buy foreign products.
U.S. firms will be less profitable.
U.S. exporters will have a temporary advantage over other countries in foreign trade.
Instructor Explanation: Feedback: Learning Objective: 02-02 Explain how to implement a competitive strategy by focusing on the execution of goals Topic: Global
Question 6. Question : Which of the following perspectives of a Balanced Scorecard would most likely be the ultimate target in a strategy map for a public company?
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