Which of the following is an example of a performance measurement?
a. Product quality
b. Number of customer complaints
c. Customer satisfaction
d. All of these choices
B
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One major difference between financial and management accounting is that
a. financial accounting reports are prepared primarily for users external to the company. b. management accounting is not under the jurisdiction of the Securities and Exchange Commission. c. government regulations do not apply to management accounting. d. all of the above are true.
Which of the following statements is true of the flow of product and period costs for a manufacturer?
A) When the manufacturing process is completed, the costs are transferred to the Work-in-Process Inventory account. B) The cost of the finished goods that the manufacturer sells becomes its Cost of Goods Sold on the income statement. C) Period costs remain in inventory accounts on the balance sheet until the product is sold. D) All product costs that have been paid are expensed and reported on the income statement at the end of the accounting period.
Nursing Home Care Company is charged with violating a rule of the Social Security Administration. Most likely, Nursing Home Care will be required to appear at a hearing presided over by
a. a federal appellate court judge. b. a federal district court judge. c. an administrative law judge. d. a U.S Marshal.
Firms have several choices of diversification initiatives that can be used to create value. Which of the following is not one of them?
A. using related diversification to acquire parenting and restructuring synergies B. using related diversification to acquire market power C. using related diversification to acquire economies of scope D. using unrelated diversification to acquire financial synergies