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Chapter 1 Introduction to Managerial Accounting

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Question;179) What is the business philosophy of;providing superior goods and services?;A) TQM;B) Supply-chain management;C) ERP;D) JIT;180) What would a company need to conduct;when considering whether to install an ERP system or not?;A) TQM survey;B) cost-benefit analysis;C) JIT survey;D) ISO 9001:2000 survey;181) Which of the following would have the;least effect on a cost-benefit analysis?;A) Steadily rising prices;B) Rapidly declining prices;C) Constant prices;D) None of the above;182) Which of the following is not;used in a cost-benefit analysis?;A) Future benefits to be received from;project;B) Amounts for future costs of project;C) Book value of past investment in;equipment;D) Amount needed to invest in project;initially;183) Torque Engine Company is considering;opening a plant in China. It will cost $3,500,000 to set up the plant and;$750,000 to train employees. An additional $100,000 will be spent to build;relationships with the local suppliers. The company anticipates gross profit of;$4,400,000 from this new plant. Do the benefits outweigh the costs or do the;costs outweigh the benefits, and by how much?;A) Costs outweigh benefits by $150,000.;B) Benefits outweigh costs by $150,000.;C) Costs outweigh benefits by $50,000.;D) Benefits outweigh costs by $50,000.;184) Country Western Clothing Outfitters;is considering investing in an inventory tracking system. It will have $10,000;in software costs and $8,000 in employee training costs. Computer hardware also;needs to be upgraded for the system, the hardware upgrades are expected to be;$12,000. The expected benefits from the inventory tracking system should be;$28,000. Do the benefits outweigh the costs or do the costs outweigh the;benefits, and by how much?;A) Costs outweigh benefits by $2,000.;B) Benefits outweigh costs by $2,000.;C) Costs outweigh benefits by $10,000.;D) Benefits outweigh costs by $10,000.

 

Paper#54931 | Written in 18-Jul-2015

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