California State University, Long Beach ACCT MANAGERIAL Chapter 7 (Quiz 8) Question1)Which of the following is a characteristic of price takers? -              They operate in low competitive markets -              They use full cost pricing stratery -                              They use target costing as management strategy -              They have a lot of market power   Question 2 The method of budgeting is more participatory in nature and is a less efficient way to communicate senior management's views:   -              Zero-based budgeting -                              Bottom-up budgeting -              Top-down budgeting -              Conventional budgeting   Question 3 Which of the following budgeting can meet the needs that the organization must revise their budget a lot?   -                              Zero-based budgeting -              Bottom-up budgeting -              Top-down budgeting -              Conventional budgeting    Question 4 The method that permits businesses to recover all the costs, including both fixed and variable costs and direct and indirect costs is called:   -              Zero cost pricing -              Marginal cost pricing -              Target costing -                              Full cost pricing           Question 5   While    encompasses the overall process of preparing for the future,     is the accounting process that ties together planning and control functions

California State University, Long Beach

ACCT MANAGERIAL

Chapter 7 (Quiz 8)

Question1)Which of the following is a characteristic of price takers?

-              They operate in low competitive markets

-              They use full cost pricing stratery

-                              They use target costing as management strategy

-              They have a lot of market power

Question 2

The method of budgeting is more participatory in nature and is a less efficient way to communicate senior management's views:

-              Zero-based budgeting

-                              Bottom-up budgeting

-              Top-down budgeting

-              Conventional budgeting

Question 3

Which of the following budgeting can meet the needs that the organization must revise their budget a lot?

-                              Zero-based budgeting

-              Bottom-up budgeting

-              Top-down budgeting

-              Conventional budgeting

 Question 4

The method that permits businesses to recover all the costs, including both fixed and variable costs and direct and indirect costs is called:

-              Zero cost pricing

-              Marginal cost pricing

-              Target costing

-                              Full cost pricing

Question 5

While    encompasses the overall process of preparing for the future,     is the accounting process that ties together planning and control functions.

-              Budgeting; analyzing

-              Planning; analyzing

-              Budgeting; planning

-                              Planning; budgeting