2. Which of the following products have a product life cycle of a few months? a. Electric stoves have a product life cycle of a few months. b. Fashion clothing has a product life cycle of a few months. c. Planes have a product life cycle of a few months. d. Automobiles have a product life cycle of a few months

1. _____ is (are) the primary consideration in choosing among accounting systems and methods.

a. Simplicity

b. Behavioral implications

c. The cost-benefit balance

4. Computerization

2. Budgets _____.

a. are quantitative expressions of action plans

b. provide feedback by comparing results with plans and by highlighting deviations from plans

c. are deviations from a plan

d. ignore areas that are presumed to be running smoothly

3. Performance reports _____.

a. are quantitative expressions of action plans

b. provide feedback by comparing results with plans and by highlighting deviations from plans

c. are deviations from a plan

d. ignore areas that are presumed to be running smoothly

4. Variances _____.

a. are quantitative expressions of action plans

b. provide feedback by comparing results with plans and by highlighting deviations from plans

c. are deviations from a plan

d. ignore areas that are presumed to be running smoothly

5. Product and service process design is the function of a value chain that includes _____.

a. the generation of, and experimentation with, ideas related to new products, services, or processes

b. the detail and engineering of products

c. the coordination and assembly of resources to produce a product or deliver a

service

d. the manner by which individuals or groups learn about the value and features of products or services

6. Which of the following products have a product life cycle of a few months?

a. Fashion clothing has a product life cycle of a few months.

b. Automobiles have a product life cycle of a few months.

c. Planes have a product life cycle of a few months.

d. Electric stoves have a product life cycle of a few months.

23. Launching a new product line is an example of _____.

a. decision making

b. planning

c. controlling

d. organization

24. Organizing workers into departments and assigning activities to those departments is an example of _____.

a. planning

b. controlling

c. budgeting

d. analyzing

25. Reviewing the output of the department is an example of _____.

a. planning

b. controlling

c. budgeting

d. analyzing

1. A company can best reduce the life cycle costs of product and services by managing the revenues and costs associated with which function of the value chain?

1. Production is the best function to reduce the life cycle costs of product and

services.

2. Design is the best function to reduce the life cycle costs of product and

services.

c. Customer service is the best function to reduce the life cycle costs of product and services.

d. Support is the best function to reduce the life cycle costs of product and

services.