ACC 202 chapter 1

The following apply to managerial accounting

the leadership component of ______ includes specifying how to achieve established goals.

____ includes gathering feedback needed to ensure that expectations are being met

what are the three activities vital to the role of managerial accounting?

management's detailed plans for the future are often expressed formally in ____

planning involves

controlling involves

A value chain adds value by focusing on the major functions of the business such as

the lean production management approach

companies have a social responsibility to serve

the categories of customer value propositions include

the _____  ______ model organizes resources, such as people and machines, around the flow of business process and pulls units through these processes in response to customer orders

what is a likely result of abandoning ethical standards?

an area in which a management accountant has ethical responsibility is ____

Value chain:

customers, employees, suppliers, communities, and environmental and human rights advocates are all stakeholders which a company might have a corporate ___ ____ to serve

____ ____ propositions are the essence of strategy

Lean production model is

companies should provide ____ with reasonable times to prepare orders and hassle free acceptance of timely and complete deliveries

What managerial accounting functions are relevant to business majors, such as marketing and human resource management?

a ___ ____ consists of major business functions that add value to a company's products and services

a performance report

a customer chooses one company over another because of

management accounts are responsible for

a benefit of the lean thinking model is

what ethical code did the institute of management accountants adopt?

a ____ is a game plan that enables a company to attract customers by distinguishing itself from competitors

a ____ report compares actual results to budgeted amounts

the most important things companies should provide to customers in terms of social responsibility is:

Companies should provide ___ and human rights advocates with greenhouse gas emissions data, child labor transparency, and recycling and resource conservation data

companies have a corporate social responsibility to provide____ with competent management and easy access to complete and accurate financial information

giving employees a bonus for meeting a specific goal is an example of a(n) ____ incentive

if investors were reluctant to invest in companies with untrustworthy financial statements, what would happen to the prices of goods and services?

a part of an organization that managers want to gather cost, revenue or profit data about is known as a

what is the process used by a company to proactively identify and manage risks?

to become a(n) ____, a test is required that focuses on financial planning, and decision-making skils

when a company says to its targeted customers, " you should choose us because we understand and respond to your individual needs better than our competitors," the company is following the customer value proposition called ____ ____ strategy

distorted thought processes, that can adversely affect planning, controlling, and decision making are referred to as ____ ____

companies should provide ____ with nondiscriminatory treatment, the right to organize and file grievances, and fair compensation

____ incentives can produce dysfunctional behavior in employees

____ motivation comes from within

The basic questions asked during the decision making process are:

to meet the goal of corporate social responsibility, companies should provide communities with:

which strategy is a company employing when it says to customers, " you should choose us because we offer higher quality than our competitors"?

a series of steps followed to carry out a business task that can span departmental boundaries

what are some positions within a company that do not require the employee to use management accounting?

what is personal management accounting?

a plan with numbers is called a____

comparing actual to budgets and seeing whether you're positive or negative is called_____

when we ask ourselves if our plans are working like we thought it would, we are____

an example of a company that uses customer intimacy strategy is :

an example of a company that uses operational excellence strategy is___

an example of companies that use product leadership strategy are ___

what is leadership?

what are the six skills of an effective leader?

benefiting from doing the wrong thing like breaking the law are ___ violations