Incorrect questions Flashcards

1
Q

is incremental budgeting effective at eliminating slack and wasteful spending

A

no

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2
Q

is market share and market size controllable by sales management

A

yes

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3
Q

what is not an aim of material flow cost accounting

A

reduced redesign cost

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4
Q

what are the 3 V’s associated with big data

A

volume
variety
velocity

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5
Q

are database controls a control that can help with security

A

yes

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6
Q

are operational control decisions quicker or slower than management

A

quicker

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7
Q

what is an information system that provides senior execs with online access to info from internal and external sources

A

executive information system

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8
Q

do you get info for benchmarking from internal or external sources

A

both

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9
Q

what is an indirect data cost

A

a cost incurred because of data capture but not for producing it, ie insurance

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10
Q

what is the below

in depth analysis of data on a database in order to identify undiscovered trends or patterns in the data

A

data mining

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11
Q

3 types of management information systems

A

Executive information system

Enterprise resource planning system

Transaction processing system

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12
Q

when a budget is flexed, what type of variance will be taken into consideration

A

price variance

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13
Q

is ABC used to identify relevant costs for short term decision making

A

no

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14
Q

can ABC used to price goods

A

yes

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15
Q

do you have to legally seperate environmental costs

A

no

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16
Q

how is throughput different

A

values WIP at material cost only and not labour costs

17
Q

if a company regularly uses a material and has some in inventory, how do you calculate relevant cost

A

the full amount x current price

18
Q

should you include fixed cost per unit when calculating total
profit

A

yes

19
Q

how do you do a opportunity loss table

A

on each row of the contribution table, minus the number in each column from the largest number on the row

20
Q

what does a risk neutral person do

A

take the best option using probabilities

21
Q

what variance will a flexed budget show

A

just sales price

22
Q

do spreadsheets make it easy to find errors

A

yes

23
Q

can a standard cost be calculated for a service

A

yes