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- A key advantage of a decentralized organization is _________. A. increased administrative costs B. quicker decisions and response time C. the ease of aligning segment and company goals D. duplication of effortsWhich statement is LEAST accurate? a. Implementing an ERP system has more to do with changing the way an organization does business than it does with technology. b. The phased-in approach to ERP implementation is particularly suited to diversified organizations whose units do not share common processes and data. c. Because the primary reason for implementing an ERP is to standardize and integrate operations, diversified organizations whose units do not share common processes and data do not benefit and tend not to implement ERPs. d. To take full advantage of the ERP process, reengineering will need to occur. e. A common reason for ERP failure is that the ERP does not support one or more important business processes of the organization.Which is not one of the potential advantages of decentralization? a. Improves motivation and retention b. Supports use of expert knowledge c. Improves customer relations d. Increases goal congruence
- 1. Discuss whether the manager of Bell Division should be evaluated only on ROI? 2. Provide two (2) reasons why ROI, RI, and EVA may be inappropriate measures of performance.Identify the factor that affects the faithful representation. a. Efficiency of computer systems b. The condition in the economy c. Level of measurement uncertainty d. Level of incompleteness1.Which of the following statements is not correct about ESG? a.A mature ESG presence helps companies identify and tap into new markets, reach underserved customer bases, and innovate new products and services. b.A mature ESG presence leads to cost savings by reducing operating costs associated with material inputs (like water, energy from fossil fuels, soil). c.ESG information is used to understand enterprise risk management. d.ESG is about avoiding investment in companies that do not share one’s values. 2.What is a stakeholder? (Select all that apply) a.Someone who does construction staking for new building design plans b.An employee of a company c.A customer d.Someone who owns a “stake” in a company 3.What does a materiality assessment do? a.Assess what types of materials a company needs to create a product. b.Assess what ESG issues are most important to the long-term success of the business and most important to stakeholders. c.Assess a company’s marketing…
- Which of the following statements is TRUE about designing, creating, and implementing a new business process?*Technology may change during the development process.*Computer simulation of alternative processes is inexpensive.*Process changes that don’t work can be undone easily.*Resolution of implementation problems is easier for enterprise processes.The two primary qualities that make accounting information useful for decision making are: comparability and consistency. materiality and timeliness. relevance and reliability. reliability and comparability. Information is neutral if it: provides benefits which are at least equal to the costs of its preparation. can be compared with similar information about an enterprise at other points in time. would have no impact on a decision maker. d. is free from bias toward a predetermined result.What of the following is NOT a Benefit of Activity Based Management? a.It assists in the budgeting process. b.It aids management in cost cutting and/or cost control and inferentially in product profitability. c.It causes managers to identify non-value added activities and therefore encourages thinking of means of reducing such activities. d.Is more complex than traditional accounting system because it uses multiple cost application rates, one for each activity or cost pool.
- Which of the following is one of the limitations of Management Accounting?Select one:a. Existence of wide knowledgeb. Simplified approachc. Lack of objectivityd. Free of cost system2.Which of the following statements regarding multiple measures or a single measure of performance is not correct?A)The advantage of using branch profits to evaluate branch mangers is that profit is relatively simple to compute and reflects the organization's ultimate goal.B)The use of multiple measures can influence branch managers' decisions by changing the components of the performance measurement system to reflect changes in the firm's strategy.C)If the branch managers are more knowledgeable than the corporate staff about local conditions and what local clients value, a single measure could be preferable.D)If the corporate office has better knowledge of what it requires to operate a profitable branch, using multiple measures provides a way to communicate this knowledge and achieve common branch operationsE)All of the above are correct statements.5Concerning eXtensible Business Reporting Language (XBRL), which of the following statements is not true? A. XBRL reduces the need for information to be manually reentered into analysis tools B. XBRL creates unique tags for each data item C. XBRL is used for internal (managerial) reporting D. XBRL reduces the need to produce multiple reports