d. The three primary inventory accounts in a manufacturing compary ACC2313 17P V2 A) Merchandise Inventory, Supplies, and Finished B) Merchandise Inventory. Work in Process C) Supplies, Work in Process, and Finished D) Raw Materials, Work and Finished Goods 7. in Process, and Finished Goods. Which of the following in NOT a perspective in a A) Financial C) Internal operations and processes. D) Triple Bottom Line 8. The ROI calculation will indicate: A) the percentage of each sales dollar that is invested in assets. B) the sales dollars generated from each dollar of income. how effectively a company used its invested capital to generate income. D) the overall quality of a company's earnings. Which of the following best defines an opportunity cost? A) The difference in total costs that results from selecting one alternative instead of 9. another B) The benefit forgone by selecting one alternative instead of another. C) A cost that may be saved by not adopting an alternative. D) A cost that may be shifted to the future with little or no effect on current operations. 10. The term differential cost refers to which of the following? A) A difference in cost that results from selecting one alternative instead of another. B) The benefit forgone by selecting one alternative instead of another C) A cost that does not entail any dollar outlay, but which is relevant to the decision-making process. D) A cost that continues to be incurred even though there is no activity. 11. The Theory of Constraints (TOC) approach to business process improvement is a perfect complement to TQM and process reengineering. True False 12. Variable costs are costs whose per unit costs vary as the activity level rises and falls. True False 13.Process reengineering diagrams a business process in detail, questions it, and the completely redesigns it to eliminate unnecessary steps, reduce opportunities for errors, and reduce costs. True False 14. Property taxes and insurance premiums paid on a factory building are example manufacturing overhead. True False