1

1. Which of the following is not a major supplier of ERP systems and/or ERP software:

   	a.	SAP
   	b.	Oracle
   	c.	QuickBooks Enterprise
   	d.	All of the above are major ERP suppliers

4 points

Question 2

1. The integration of an acquired company after an M&A is completed is almost always painful:

   True

   False

4 points

Question 3

1. Under cost volume profit (CVP) analysis which of the following in not a linear function:

   	a.	Total variable cost
   	b.	Total revenue
   	c.	Total fixed cost
   	d.	All of the above are linear

4 points

Question 4

1. The three major components of an integrated planning structure do not include:

   	a.	Strategic plan
   	b.	Development plan
   	c.	Operations plan
   	d.	All of the above are included

4 points

Question 5

1. What are included in the assumptions of CVP (cost volume profit)

   	a.	All costs are linear
   	b.	All revenue is linear
   	c.	Unit fixed cost is linear
   	d.	Only A and B

4 points

Question 6

1. Which of the below is a business metric (ratio) use for solvency or liquidity analysis:

   	a.	Current Ratio
   	b.	Price to Earnings Ratio
   	c.	Year over year sales growth
   	d.	None of the above

4 points

Question 7

1. When creating an Annual Plan one problem to watch for is Gamesmanship.

   True

   False

4 points

Question 8

1. An M&A analysis technique that specifically excludes the impact of depreciation and amortization in the valuation process is:

   	a.	Market capitalization
   	b.	Revenue Multiples
   	c.	Price to Earnings Ratios
   	d.	EBITDA multiples

4 points

Question 9

1. Kaizen is:

   	a.	An approach to improving quality control that was authored by an American
   	b.	Is a Japanese term
   	c.	Was used in the Toyota production system
   	d.	All of the above
   	e.	Only b and c are correct

4 points

Question 10

1. When estimating cost using a mixed cost formula (CVP) approach, which is the better method (for mathematical accuracy):

   	a.	High Low method
   	b.	Scatter diagrams
   	c.	Least squares regression analysis
   	d.	All of the above have equal mathematical accuracy

4 points

Question 11

1. A costing methodology that focuses on capacity utilization is called:

   	a.	CVP
   	b.	Hi Lo Method
   	c.	Throughput costing
   	d.	None of the above

4 points

Question 12

1. Concerns about using regression analysis would include:

   	a.	How outliers are accounted for
   	b.	Whether nonlinear relationships exist
   	c.	Results that may not make common sense
   	d.	All of the above

4 points

Question 13

1. Under CVP, as volume increases then fixed cost per unit will:

   	a.	Stay the same
   	b.	Increase
   	c.	Decrease
   	d.	None of the above

4 points

Question 14

1. What industry would most likely use a process cost accounting system:

   	a.	Oil refinery
   	b.	Space Rockets
   	c.	Grocery Stores
   	d.	None of the above

4 points

Question 15

1. Which of the following statements are incorrect in regard to SWOT?

   	a.	An early corporate user was Dupont
   	b.	Stands for strengths, weaknesses, opportunities and threats
   	c.	Was created by Michael Porter
   	d.	None of the above

4 points

Question 16

1. Activity Based Management and Activity Based Costing are the same.

   True

   False

4 points

Question 17

1. From 1985 to 2008 what form of executive compensation grew at the fastest rate:

   	a.	Base salary
   	b.	Long term incentive
   	c.	Annual incentive
   	d.	None of the above

4 points

Question 18

1. Which of the following is not an SEC report?

   	a.	10-K
   	b.	10-Q
   	c.	S-1
   	d.	All of the above are SEC reports

4 points

Question 19

1. What are some of the valid reasons for budgeting?

   	a.	Requires people to think ahead
   	b.	Improves communication
   	c.	Helps in risk management
   	d.	All of the above

4 points

Question 20

1. A company want to sell a product for $25.00 and has $10,000,000 in fixed cost. What should the target variable cost be if the company plans on selling 500,000 units per year with a target profit of $1,000,000.

   	a.	$20.00
   	b.	$22.00
   	c.	$3.00
   	d.	None of the above

4 points

Question 21

1. Which of the below are not part of the five focusing steps of the Theory of Constraints:

   	a.	Identify the constraint
   	b.	Evaluate the constraint
   	c.	Incorporate JIT
   	d.	All of the above

4 points

Question 22

1. Balance scorecards measure only intangible assets of the company

   True

   False

4 points

Question 23

1. Companies A and B have the following financial information: Which company will be more profitable based on the above data. Company A: Variable Cost = $60 Fixed Cost = $100,000 Selling Price= $100 Capacity = 5,000 units Company B: Variable Cost = $ 50 Fixed Cost = $200,000 Selling Price= $100 Capacity = 10,000 units

   	a.	Company A because it has lower fixed cost
   	b.	Company B because of its margin rate
   	c.	Company B because of its margin rate and capacity
   	d.	Cannot be determined from the data

4 points

Question 24

1. The production plan is:

   	a.	Is equal to the sales or demand forecast
   	b.	Is the sales or demand forecast plus or minus change in inventory
   	c.	Is determine by excess capacity of the factory
   	d.	None of the above

4 points

Question 25

1. What is the normal starting point in the budgeting process?

   	a.	Cost estimates
   	b.	Inventory reconciliation
   	c.	Sales forecast
   	d.	None of the above