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University of Houston ACCT 2332 101 CHAP 16 QUIZ 1)__________is the fee charged by one unit for a good or service provided to another unit within the organization

Accounting Aug 02, 2021

University of Houston

ACCT 2332 101

CHAP 16 QUIZ

1)__________is the fee charged by one unit for a good or service provided to another unit within the organization.

Progressive tax

Process rate Market cost

Transfer price

Origination fee

 

2. Which of the following is typically considered part of a firm's capital budget?

year-end bonuses

raw material costs

payroll manufacturing costs

 fixed assets

 

 

3. In which of the following types of control systems would business units be treated as profit centers that must trade resources via economic transactions?

clan control feed

forward control

bureaucratic control

market control

feedback control

 

4.          is designed to reduce defects in all organization processes—not just product defects but anything that may result in customer dissatisfaction.

After-action review

Six sigma

A quality circle Vroom model

Organizational ambidexterity

 

5. The principle of           states that only cases with significant deviation from the standard require corrective action, and that managers need not be concerned with performance that equals or closely approximates the expected results.

standards

exception

significance deviation correction

 

6.          has become an essential part of clan control because employees' jobs, the nature of management, and the employment relationship have all changed.

Empowerment

Transfer pricing Activity-based costing

Zero tolerance for mistakes

Rigid behavior

 

7. To increase the likelihood that employees will accept a control system, it should have performance standards that are

descriptive and idealized.

useful and achievable.

bureaucratic and authoritative.

established solely by the top management.

not directly measurable.

 

8. Bureaucratic control includes such items as values and beliefs.

exchange relationships.

economic forces.

budgets and statistical reports.

pricing mechanisms.

 

9. A frank and open-minded discussion of four basic questions aimed at continuous improvement is referred to as a(n)                                                .

results-oriented discussion

 after-action review

activity-based evaluation

continuous process verification

feedforward system

 

10. The activity-based costing approach results in

spreading costs over activities, such as by the time spent on each.

total costs that are lower than actual costs.

uneven sharing of resources within the organization.

a rigid hierarchical organization separated into component functions.

attribution of costs according to priority of the tasks.

 

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