Podcast
Questions and Answers
What system strives to produce a product only when it is needed and in the quantities demanded by customers?
What system strives to produce a product only when it is needed and in the quantities demanded by customers?
- Just-in-Case Manufacturing
- Just-in-Time Manufacturing (correct)
- Make-to-Stock Manufacturing
- Bulk Manufacturing
Which concept emphasizes the speed of delivery and response to deliver value to the customer?
Which concept emphasizes the speed of delivery and response to deliver value to the customer?
- Value Chain Management (correct)
- Technology Focus
- Production Efficiency Approach
- Cost-Based Competition
In the context of new product development, what encourages the use of target costing and activity-based management?
In the context of new product development, what encourages the use of target costing and activity-based management?
- Decreased Market Demand
- High Proportion of Production Costs Committed (correct)
- Sudden Technological Advances
- Increase in Revenue
What is used to continuously monitor and control systemwide operations according to the text?
What is used to continuously monitor and control systemwide operations according to the text?
Which manufacturing system can provide a competitive advantage for a firm, following Just-in-Time Manufacturing?
Which manufacturing system can provide a competitive advantage for a firm, following Just-in-Time Manufacturing?
In the context of global competition, what are firms not only competing on besides technology and manufacturing according to the text?
In the context of global competition, what are firms not only competing on besides technology and manufacturing according to the text?
What is the main purpose of a financial accounting system?
What is the main purpose of a financial accounting system?
Which system assigns costs to individual products and services as specified by management?
Which system assigns costs to individual products and services as specified by management?
What has increased the demand for both more cost information and more accurate information in the competitive environment?
What has increased the demand for both more cost information and more accurate information in the competitive environment?
Which sector of the economy has increased in importance as manufacturing industries have declined?
Which sector of the economy has increased in importance as manufacturing industries have declined?
What type of feedback does an Operational Control system provide concerning performance?
What type of feedback does an Operational Control system provide concerning performance?
What system is concerned with assessing what activities should be performed?
What system is concerned with assessing what activities should be performed?
What is the crucial element in all phases of the value chain according to the text?
What is the crucial element in all phases of the value chain according to the text?
In the context of quality and time improvement, what is highlighted as equally important for financial performance?
In the context of quality and time improvement, what is highlighted as equally important for financial performance?
Which task is NOT mentioned as a responsibility of Cost and Management Accountant in the text?
Which task is NOT mentioned as a responsibility of Cost and Management Accountant in the text?
What is the primary purpose of Planning according to the text?
What is the primary purpose of Planning according to the text?
Which activity directly involves feedback for evaluation and correction as per the text?
Which activity directly involves feedback for evaluation and correction as per the text?
What is highlighted as going hand-in-hand with increasing quality according to the text?
What is highlighted as going hand-in-hand with increasing quality according to the text?
Flashcards are hidden until you start studying
