Incorrect questions Flashcards
is incremental budgeting effective at eliminating slack and wasteful spending
no
is market share and market size controllable by sales management
yes
what is not an aim of material flow cost accounting
reduced redesign cost
what are the 3 V’s associated with big data
volume
variety
velocity
are database controls a control that can help with security
yes
are operational control decisions quicker or slower than management
quicker
what is an information system that provides senior execs with online access to info from internal and external sources
executive information system
do you get info for benchmarking from internal or external sources
both
what is an indirect data cost
a cost incurred because of data capture but not for producing it, ie insurance
what is the below
in depth analysis of data on a database in order to identify undiscovered trends or patterns in the data
data mining
3 types of management information systems
Executive information system
Enterprise resource planning system
Transaction processing system
when a budget is flexed, what type of variance will be taken into consideration
price variance
is ABC used to identify relevant costs for short term decision making
no
can ABC used to price goods
yes
do you have to legally seperate environmental costs
no
how is throughput different
values WIP at material cost only and not labour costs
if a company regularly uses a material and has some in inventory, how do you calculate relevant cost
the full amount x current price
should you include fixed cost per unit when calculating total
profit
yes
how do you do a opportunity loss table
on each row of the contribution table, minus the number in each column from the largest number on the row
what does a risk neutral person do
take the best option using probabilities
what variance will a flexed budget show
just sales price
do spreadsheets make it easy to find errors
yes
can a standard cost be calculated for a service
yes
