1. | In value chain analysis, the coordination, acquiring and assembling of resources to produce a product is classified as |
a. | resourcing |
b. | value acquiring |
c. | production |
d. | value acquaintance |
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Answer: (c).production
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2. | Examining of past performance, exploring alternative and planning future is |
a. | learning |
b. | alternating |
c. | examining |
d. | deciding |
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Answer: (a).learning
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3. | The time that a company takes to create and produce a new product is classified as |
a. | management factor |
b. | time factor |
c. | customer factor |
d. | chain factor |
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Answer: (b).time factor
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4. | The purpose of management accounting is to |
a. | past orientation |
b. | help banks make decisions |
c. | help managers make decisions |
d. | help investors make decision |
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Answer: (c).help managers make decisions
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5. | An accounting approach, in which the expected benefits exceed the expected cost is classified as |
a. | benefit approach |
b. | cost approach |
c. | cost-benefit approach |
d. | accounting approach |
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Answer: (c).cost-benefit approach
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