CHAPTER 8 - IDENTIFICATION

Question 1

The process of improving performance and constantly eliminating waste is

Answer 1

continuous improvement

Question 2

The process that focuses on accountability for activities rather than costs and emphasizes systemwide performance is called __________ .

Answer 2

process value analysis (PVA)

Question 3

The resources consumed by the activity in producing its output are called ______ .

Answer 3

activity inputs

Question 4

Activities that contribute to customer value and are necessary to remain in business are called ________ activities.

Answer 4

value added

Question 5

A well accepted approach for reducing costs by eliminating waste is called ______ costing.

Answer 5

Kaizen

Question 6

Activity flexible budgeting differs from traditional approaches by using more than ____ drivers to predict costs

Answer 6

unit-level

Question 7

The successful implementation of activity-based management relies on support from higher __________

Answer 7

management

Question 8

The system that provides the justification for implementing activity-based management and addresses the issues related with its implementation is called _____

Answer 8

systems planning

Question 9

The responsibility accounting system that focuses on organizational units such as departments and plants is called ______
responsibility

Answer 9

financial based

Question 10

The responsibility accounting system that uses both operational and financial measures is called ______ responsibility

Answer 10

activity-based