Day 46

Question 1

Define: Pareto Diagrams

Answer 1

They display quality control issues from most to least frequent with a line graph that displays the cumulative occurrence

MCQ-06776

Question 2

Who uses Executive Information Systems (EIS)?

Answer 2

Senior MGMT

MCQ-14665

Question 3

Define: Variable Overhead Spending Variance

Answer 3

Compares the amount of actual variable overhead expense to the variable overhead that would have been applied in actual

MCQ-05889

Question 4

List the five Manufacturing Process steps:

Answer 4

1. Product design and engineering
2. Product development
3. Manufacturing forecasting and scheduling
4. Manufacturing operations
5. Manufacturing and fixed assets accounting and reporting

MCQ-14567

Question 5

Equation: Gross Profit

Answer 5

= Sales + (Beg. Inv. + COGS - Ending Inv.)

MCQ-07086

Question 6

ABC Corp is evaluating a capital investment project that will result in a $30k higher contribution margin and increase costs by $20k. The effects of income taxes on the NPV calculation will be:

Answer 6

Decrease both benefits and costs

MCQ-03837

Question 7

Equation: Average Inventory

Answer 7

= (Reorder Quantity / 2) + Safety Stock

MCQ-04193

Question 8

Equation: Direct Materials Usage Variance

Answer 8

= Standard Price × (Actual Quantity Used - Standard Quantity Allowed)

MCQ-12432

Question 9

Under an Oligopoly structure, strategic plans focus on:

Answer 9

• Maintaining Market Share
• Ensuring product differentiation
• Adapting to changes in price and production volume

MCQ-03493

Question 10

True or False: As inflation associated with a foreign economy increases in relation to the domestic economy, demand for the foreign currency falls

Answer 10

True

Inflation in foreign currency reduces the purchasing power of the foreign currency, which means there is less demand for foreign currency and more demand for domestic currency

MCQ-03755