Filters
Question type
Study Flashcards

Maximizing customer value, on-demand production, and zero setup times are realized in the pursuit of __________ .

Correct Answer

verifed

verified

There are two basic types of non-value added activities. They are


A) activities avoidable in the long run and activities unavoidable in the short run due to current technology or production methods.
B) activities avoidable in the short run and activities unavoidable in the long run due to current technology or production methods.
C) activities unavoidable in the short run due to current technology and activities avoidable due to production methods.
D) activities avoidable in the short run and activities unavoidable in the short run due to current technology or production methods.

Correct Answer

verifed

verified

Discuss the advantages and disadvantages of partial productivity measures.

Correct Answer

verifed

verified

Partial measures can be misleading since...

View Answer

On a box scorecard, capacity can be labeled as


A) productive, non-productive, and excess.
B) available, excess, and budgeted.
C) productive, non-productive, and available.
D) valued, excess, and wasted.

Correct Answer

verifed

verified

Implementing the value-stream structure requires an increase in employees.

Correct Answer

verifed

verified

The prior period used to set the benchmark for measuring productivity changes is(are) called:


A) Financial productivity measures
B) Base period
C) Operational productivity measures
D) Target period

Correct Answer

verifed

verified

Emphasis on departmental efficiency


A) causes bottleneck departments to over-produce and build work-in-process inventories.
B) causes stock outs related to demand-pull systems.
C) is a critical component of a lean accounting system.
D) none of the above.

Correct Answer

verifed

verified

Information about Taekwondo Corporation is as follows: Information about Taekwondo Corporation is as follows: By how much did profits change as a result of changes in productivity related to materials? A) $100 decrease B) $100 increase C) $600 increase D) $600 decrease By how much did profits change as a result of changes in productivity related to materials?


A) $100 decrease
B) $100 increase
C) $600 increase
D) $600 decrease

Correct Answer

verifed

verified

At the end of 2014, Diatomic Company implemented a new labor process and redesigned its product with the expectation that input usage efficiency would increase. Now, at the end of 2015, the president of the company wants an assessment of the changes on the company's productivity. The data needed for the assessment are as follows: At the end of 2014, Diatomic Company implemented a new labor process and redesigned its product with the expectation that input usage efficiency would increase. Now, at the end of 2015, the president of the company wants an assessment of the changes on the company's productivity. The data needed for the assessment are as follows: How much profit was generated in 2015? A) $540,000 B) $319,950 C) $220,050 D) $270,000 How much profit was generated in 2015?


A) $540,000
B) $319,950
C) $220,050
D) $270,000

Correct Answer

verifed

verified

The difference between the total profit change and the profit-linked productivity change is called the __________ component.

Correct Answer

verifed

verified

The component which provides a series or vector of separate and distinct partial operational measures is called:


A) Price recovery component
B) Profit-linked productivity measurement
C) Profile measurement
D) Total productivity measurement

Correct Answer

verifed

verified

The ratio that measures productive efficiency for one input is called:


A) Partial productivity measurement
B) Operational productivity measure
C) Financial productivity measure
D) Productivity measurement

Correct Answer

verifed

verified

Figure 15 - 3 Based on the following information: Figure 15 - 3 Based on the following information: Refer to Figure 15-3. What is the product cost based on total average cost? (Round to nearest cent.) A) $54.05 B) $42.59 C) $48.32 D) $93.37 Refer to Figure 15-3. What is the product cost based on total average cost? (Round to nearest cent.)


A) $54.05
B) $42.59
C) $48.32
D) $93.37

Correct Answer

verifed

verified

The following information is supplied by the Mountain State Company: The following information is supplied by the Mountain State Company: What is the partial operational productivity measure for materials for 2015? A) 3.2500 B) 3.2000 C) 0.3077 D) 0.3125 What is the partial operational productivity measure for materials for 2015?


A) 3.2500
B) 3.2000
C) 0.3077
D) 0.3125

Correct Answer

verifed

verified

Productivity is concerned with producing


A) output rapidly.
B) output efficiently.
C) the maximum quantity of output possible.
D) output effectively.

Correct Answer

verifed

verified

At the end of 2014, Diatomic Company implemented a new labor process and redesigned its product with the expectation that input usage efficiency would increase. Now, at the end of 2015, the president of the company wants an assessment of the changes on the company's productivity. The data needed for the assessment are as follows: At the end of 2014, Diatomic Company implemented a new labor process and redesigned its product with the expectation that input usage efficiency would increase. Now, at the end of 2015, the president of the company wants an assessment of the changes on the company's productivity. The data needed for the assessment are as follows: By how much did profit change as a result of profitability changes in materials? A) $16,200 increase B) $16,200 decrease C) $36,000 decrease D) $36,000 increase By how much did profit change as a result of profitability changes in materials?


A) $16,200 increase
B) $16,200 decrease
C) $36,000 decrease
D) $36,000 increase

Correct Answer

verifed

verified

Which of the following is an example of an operational performance measure on a box scorecard?


A) dock-to-dock days
B) on-time delivery
C) first time through
D) all of the above

Correct Answer

verifed

verified

The profit linkage rate


A) calculates the cost of the inputs that would have been used in absence of any productivity change and compares it to the cost of the inputs actually used for the current period.
B) calculates the cost of the inputs that would have been used in absence of any productivity change and compares it to the cost of the inputs actually used for the prior period.
C) calculates the cost of the inputs that would have been used, plus any productivity changes and compares it to the cost of the inputs actually used for the current period.
D) calculates the cost of the outputs that would have been produced and compares it to the cost of outputs produced for the current period.

Correct Answer

verifed

verified

Information about Papanicolou Corporation is as follows: Information about Papanicolou Corporation is as follows: What is the materials productivity ratio for 2014? A) 28 B) 18 C) 25 D) 16 What is the materials productivity ratio for 2014?


A) 28
B) 18
C) 25
D) 16

Correct Answer

verifed

verified

Which of the following is an advantage of using partial productivity measures?


A) Partial productivity measures keep managers aware of trade-offs in inputs.
B) Partial productivity measures keep top management involved because it is difficult for operating personnel to understand.
C) Partial productivity measures are easily interpreted.
D) Partial productivity measures provide a system wide focus.

Correct Answer

verifed

verified

Showing 21 - 40 of 172

Related Exams

Exam 1

Introduction to Cost Management

157 Questions

Exam 2

Basic Cost Management Concepts

201 Questions

Exam 3

Cost Behavior

200 Questions

Exam 4

Activity-Based Costing

201 Questions

Exam 5

Product and Service Costing: Job-Order System

150 Questions

Exam 6

Process Costing

188 Questions

Exam 7

Allocating Costs of Support Departments and Joint Products

173 Questions

Exam 8

Budgeting for Planning and Control Key

200 Questions

Exam 9

Standard Costing: a Functional-Based Control Approach

123 Questions

Exam 10

Decentralization: Responsibility Accounting, Performance Evaluation, and Transfer Pricing

139 Questions

Exam 11

Strategic Cost Management

151 Questions

Exam 12

Activity-Based Management

146 Questions

Exam 13

The Balanced Scorecard: Strategic-Based Control

124 Questions

Exam 14

Quality and Environmental Cost Management

202 Questions

Exam 16

Cost-Volume-Profit Analysis

138 Questions

Exam 17

Activity Resource Usage Model and Tactical Decision Making

128 Questions

Exam 18

Pricing and Profitability Analysis

164 Questions

Exam 19

Capital Investment

126 Questions

Exam 20

Inventory Management: Economic Order Quantity, Jit, and the Theory of Constraints

127 Questions

Show Answer