FalseAll the departments within anorganization rely on the humanresources department to carryout a number of importantfunctions.O TrueO FalseDurable goods are goods thatare perishable and used upquickly. *O TrueO Falsenort is the same2 points

Basically, HR plays a significant role in developing and maintaining positive business culture and…

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All the departments within an organization rely on the human resources department to carry out a number of important

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter15: Lean Accounting And Productivity Measurement

Section: Chapter Questions

Problem 17E: Lean manufacturing is characterized by all but one of the following: a. Employee empowerment b....

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Question

False
All the departments within an
organization rely on the human
resources department to carry
out a number of important
functions.
O True
O False
Durable goods are goods that
are perishable and used up
quickly. *
O True
O False
nort is the same
2 points

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An inventory system that organizations use to increase efficiency and decrease waste is ______________________________. corporate social responsibility just-in-time manufacturing total quality management Lean Six Sigma
Lean manufacturing is characterized by all but one of the following: a. Employee empowerment b. Total quality management c. Inventories of goods awaiting further processing or consumption d. Elimination of waste
Which of the following is a reason a company would implement activity-based costing? A. The cost of record keeping is high. B. The additional data obtained through traditional allocation are not worth the cost. C. They want to improve the data on which decisions are made. D. A company only has one cost driver.
1. There is a significant decrease in unit sales. Which of the following would be the LEAST likely action among the different departments? a. Consult with marketing and sales to determine whether there are changes in customer preferences. b. Review changes in technology and determine whether there is obsolescense in the products and the production process c. Inquire with the after-sales service whether there are indications of high level of unresolved customer complaints. d. Communicate with inbound logistics and determine whether raw materials contributed to increase in product failure. 2. The internal cost analysis process involves the following in what order? (A) Identify the links between the process and check for opportunities to lower costs, (B) Identify the value creating processes and the cost of each, (C) Identify the cost driver for each process and the cost per activity level. a. A, B, Cb. C, A, Bc. B, A, Cd. B, C, A 3. This stage of…
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The following statements refer to organisations that use service costing: (i) The service provided will be a homogenous product. (ii) The cost of materials is relatively small compared to labour, expenses and overheads. (iii) A problem with service costing is the difficulty in defining a realistic cost unit. (iv) Inventory levels are generally high in-service costing industries. Which of the above statements are correct? a) (i) and (ii) b) (ii) and (iii) c) (ii) and (iv) d) (i) and (iv)