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BEC > b1-b6 > Flashcards

b1-b6 Flashcards

1
Q

what is responsibility accounting

A

performance reports and determining what management can do within their control

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2
Q

who can control service departmet costs?

A

not in anyone’s control because they are based on activity drivers

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3
Q

what is kazien manufacturing?

A

continuous improvrmrnt that fouces on resource use staying in budget

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4
Q

what is the relevant range?

A

range in which fixed and variable cost relationships have meaning

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5
Q

goalpost conformance

A

range of acceptable results

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6
Q

what are conforming costs?

A

preventitive and appraisal costs invested to prevent and detect errors

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7
Q

nonconforming costs

A

internal/external failures used to detect errors

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8
Q

what are value added costs?

A

costs that provide value to the customer

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9
Q

what is a nonvalueadded cost that should be reduced because we have control over it?

A

storing and moving inventory

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10
Q

what is a validity check?

A

example is checking an item against the master file/key

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11
Q

what is ROI?

A

income earned/cost of invested capital

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12
Q

what could increase ROI?

A

increase in price, assuming demand stays same
decrease in expenses
decrease in invested capital

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13
Q

what industries are standard cost systems used?

A

mass production and service industries

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14
Q

define dynamic programming

A

makes a series of unrelated decisions

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15
Q

how can regression seperate fixed costs between variable costs

A

by use of a trendline through least squares

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16
Q

what is public key infrastructure?

A

it manages asymmetrical keys and digital certificates
*note it does not generate crertificates, only manages them

17
Q

what is a digital signature?

A

creates a legally binding document

18
Q

what assigns ip adresses?

A

a router

19
Q

how do you calculate real and nominal values with inflation?

A

real-divide to get rid of inflated value
nominal-multiply to get value with inflation rate 1.02

20
Q

How is TPR different from PPR?

A

total productivity ratios consider all inputs with the prices at the same time. Partial productivity ratios do not consider price an donly consider a single input

21
Q

what is a pareto diagram

A

an individual and cumulative analysis of error by type.

22
Q

what comes first: event identification or developing objectives?

A

develoment of objectives occurs first so that the events identified can be analyzed to line up with our objectives

23
Q

what would go into a quality report?

A

warranty claims-external
design engineering-preventitive cost
supplier evaluations-prevention costs

24
Q

what is the exception for issuers making personal business loans?

A

allowed if they are part of ordinary business

25
Q

what is throughput

A

number of goods produced and sold during a period of time

26
Q

what is throughput

A

number of goods produced and sold during a period of time

27
Q

disadvantage of roi

A

managers may reject projects with a lower roi if their comp is dependent on it or quaotas they must meet

28
Q

what is never included in a cost of quality report?

A

opportunity costs

29
Q

what type of environment has a horizontal demand curve?

A

perfect competition, cannot alter prices from its competition. in long run, they provide best cost

30
Q

why cant a circular combo achieve better economies of scale?

A

different industries so it wont make more economies of scales a horizontal merger would though

31
Q

what is a major benefit to ecommerce?

A

removes overhead costs becuase it is a direct transaction

32
Q

what is learning curve analysis?

A

as experience is gained, helps determine increases in production over time

BEC (14 decks)

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