Podsumowanie: B(IZNUS)OBODDY

Pytanie 1

Operating margin is revenues minus the cost of goods sold and all operating expenses.

False

True

Pytanie 2

An organization which is geared towards enabling good pricing decisions is mainly focused on empowering the decision-makers with arguments and tools.

False

True

Pytanie 3

Principles of responsibility accounting means that corrective action is taken by the higher management and is communicated to the responsibility center, i.e. the individual responsible

True

False

Pytanie 4

Net present value analysis is a method commonly used to evaluate fixed assets under a formal capital budgeting system.

False

True

Pytanie 5

A profit center is an organizational segment in which a manager is accountable for profits [revenues minus expenses] and the invested capital used by the segment.

False

True

Pytanie 6

Trend analysis consists of reviewing the trend line of various costs incurred to see if there are any unusual variances from the long-term pattern, and reporting the reasons for these changes to management.

False

True

Pytanie 7

Import duties are the costs that can be included in an inventory valuation.

True

False

Pytanie 8

The responsibility of the profit and revenue center is actually the same.

True

False

Pytanie 9

If you have very regionalized markets with similar customers, your organization should be organized around different regions. Conversely, the product structure could influence the way to divide the responsibilities.

True

False

Pytanie 10

The profile of the pricing professional varies depending on the set-up and the mission of the organization.

True

False

Pytanie 11

Cost accounting is helpful because it can identify where a company is spending its money, how much it earns and where money is being lost

False

True

Pytanie 12

A constraint is a restriction on the output of a system. The constraint acts as a throttle, essentially establishing an upper limit on the amount of output that can be created.

True

False

Pytanie 13

MIS helps managers evaluate progress and delegate work more efficiently, raising the overall efficiency of the organization.

False

True

Pytanie 14

In Cost Benefit Analysis each business function examines its own activities and works to improve performance by continually setting higher goals

True

False

Pytanie 15

Accounting Information System will collect, process, analyze and store financial data of a company

True

False

Pytanie 16

The advantage of MIS is to compare budgets and plans to actual performances and figure

True

False

Pytanie 17

Margin analysis calculating the mix of contribution margin and unit volume at which a business exactly breaks even, which is useful for determining price points for products and services

True

False

Pytanie 18

Engineer the product is a step in the target costing process.

True

False

Pytanie 19

AIS improves the effectiveness and efficiency by sharing the knowledge.

False

True

Pytanie 20

Fixed Costs are the costs to run the day-to-day operations of the company. However, operating costs or operating expenses are not usually traced back to the product being manufactured and can be fixed or variable.

False

True

Pytanie 21

When using traditional total absorption costing it is important to identify activity cost drivers.

False

True

Pytanie 22

The balanced scorecard uses a mixture of financial and non-financial performance indicators.

False

True

Pytanie 23

The payback period generally does not use discounted cash flows. It is, however, possible to incorporate them into payback models.

True

False

Pytanie 24

The discount rate normally used to discount cash flows is the interest rate charged by the Central Bank.

False

True

Pytanie 25

There may be differences between accounting in different countries because of importance of factors such as history or technology.

False

True

Pytanie 26

Strategic management accounting is concerned principally with short-term operational decisions.

True

False

Pytanie 27

Break-even point is variable costs divided by contribution per unit.

False

True

Pytanie 28

When recovering costs for pricing we use total absorption costing. However, for stock valuation we use absorption costing or marginal costing.

True

False

Pytanie 29

Strategic choice may involve exploiting inherent strengths such as the business's products or customer base and/or external diversification through acquisition, merger or collaboration.

True

False

Pytanie 30

When using traditional total absorption costing it is important to identify activity cost drivers.

False

True

Pytanie 31

The accounting rate of return is the only investment appraisal technique that focuses on profits not cash flows.

False

True

Pytanie 32

A cost is an actual past expenditure.

False

True

Pytanie 33

The two main branches of cost accounting are costing and planning, control and performance.

True

False

Pytanie 34

Strategic management accounting is concerned principally with short-term operational decisions.

False

True

Pytanie 35

Break-even point is variable costs divided by contribution per unit.

False

True

Pytanie 36

Contribution is sales less variable costs.

True

False

Pytanie 37

A master budget is formed by feeding in the results from all the other budgets.

False

True

Pytanie 38

The balanced scorecard uses only financial information.

False

True

Pytanie 39

Strategic management accounting looks at both internal and external environments of a business.

False

True

Pytanie 40

Flexing the budget means adjusting the budget to take into account the actual quantity produced.

False

True

Pytanie 41

The cost of activities in value chain analysis is determined by key cost drivers.

False

True

Pytanie 42

The four main capital investment appraisal techniques are payback period, accounting rate of return, net present value and internal rate of return.

False

True

Pytanie 43

The two main branches of management accounting are cost accounting and decision making.

True

False

Pytanie 44

Total absorption costing is where all the overheads incurred by a company are recovered in the valuation of stock.

False

True

Pytanie 45

Fixed costs are those that do not vary with long-term changes in the level of sales or production.

True

False

Pytanie 46

Shareholders, analyst advisers and Customers are examples of internal external users of accountant.

True

False

Pytanie 47

Discounted cash flow discounts the future expected cash flows of a project back to their present- day monetary values.

True

False

Pytanie 48

SWOT analysis stands for strengths, weaknesses, opportunities and threats.

False

True

Pytanie 49

The product portfolio matrix consists of dogs, question

False

True

Pytanie 50

Net present value and the internal rate of return use discounted cash flows

True

False

Pytanie 51

In stock valuation, marginal costing is normally used in valuing stock in financial reporting.

True

False

Pytanie 52

The direct materials price variance is: (standard price per unit of material minus actual price per unit of material) multiplied by actual quantity of materials used.

False

True

Pytanie 53

The four main aspects of budgets are planning, coordinating, control and motivation.

False

True

Pytanie 54

Shareholders, analyst advisers and Customers are examples of internal external users of accountant.

False

True

Pytanie 55

Flexing the budget means adjusting the budget to take into account the actual prices incurred.

False

True

Pytanie 56

Accountants perform other roles such as e.g.: auditing, bookkeeping, financial accounting, management accounting.

False

True

Pytanie 57

Benchmarking measures a business against its competitors.

False

True

Pytanie 58

Contribution/sales ratio is profit divided by sales.

True

False

Pytanie 59

Spending to budget, padding the budget and creative budgeting are all common behavioral responses to budgeting.

False

True

Pytanie 60

The product portfolio matrix consists of dogs, question marks, stars and cash balls.

False

True

Pytanie 61

The discount rate normally used for discounting cash flows is the company's weighted average cost of capital.

True

False

Pytanie 62

The commonest limiting factor on the budgeting process is production.

False

True

Pytanie 63

We identify activity cost drivers in activity-based costing.

False

True

Pytanie 64

Non-financial items are not important in decision makiing

True

False

Pytanie 65

In batch costing if we had 100 units that were 50% complete this would equal 50 equivalent units.

True

False

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