| 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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