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Coastline ms100 M15/16 Quiz latest 2017
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Question

Question 1

A sources and uses of funds statement is often called a ____________.

liquidity statement

net income/loss statement

statement of assets and liabilities

cash flow statement

Question 2

Information supplied to managers is data that has been ____________.

encouraged

collected or obtained

provided

organized

Question 3

Examples of feedforward controls include ____________ controls.

diagnostic

therapeutic

backlash

prevention

Question 4

Often in organization we use a ____________ as a measure of quality or quantity to monitor people.

skill level

employee productivity measure

standard

employee policy

Question 5

All of the following accounting elements are found on the income statement, except _________.

liabilities

operating expenses

revenue

net income

Question 6

The percentage of an organization's work force not at work on any given day is ____________.

turnover

employee attendance

employee behavior

absenteeism

Question 7

Computer operating systems are a complex array of ____________.

personnel

programs

finances

statistics

Question 8

Budgeting requires all of the following except:

adjusting goals

not adjusting goals

setting goals

locating needed funds

Question 9

Controls that focus on "after the fact" are called ____________ controls.

feedback

therapeutic

diagnostic

feedforward

Question 10

A(n) ____________ is any guideline or benchmark established as a basis for measurement or point of reference.

estimation

standard

indication

rule of thumb

Question 11

A highly disciplined process that helps companies focus on developing and delivering near-perfect products and services is:

quality control.

quality circles.

quality assurance.

Six Sigma.

Question 12

The strategic goals and plans made at the top level in an organization are derived from the organization's:

single-use plans.

purpose and mission.

standing plans.

operating employee's.

Question 13

A validation process to ensure measurement accuracy and standardization is known as:

kaizen.

standards.

a QA system.

quality control.

Question 14

Which of the following statements about information is not true?

Information helps to highlight actual and potential problems.

Information helps managers plan and organize operations.

Information does not help to create operational plans.

Information helps managers properly use their resources.

Question 15

Many major airports require people and their carry-on, personal belongings to be screened through a metal detection device. This procedure is a concurrent as well as ____________ control.

feedforward

feedback

therapeutic

process

Question 16

Any organizational unit that contributes costs, revenues, investments, or profits as part of the company's total accounting "package" is called a(n) ____________.

equity specialist

financial responsibility center

debt awareness department

controller

Question 17

The initial step of the control process is ____________.

establishing standards

taking corrective action

comparing performance to standards

measuring performance

Question 18

A balance sheet consists of three major sections. Which of the following is one of those sections?

liabilities

retained earnings

income

common stock

Question 19

The concept that measurements provided by the control process will reach the proper decision makers when they are needed is the concept of:

integration.

concurrent.

timeliness.

accuracy.

Question 20

The steps in the control process include the following except:

measuring performance.

taking corrective action.

establishing performance standards.

developing standing plans.

 

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