• Get now! ACC 561 Final Exam 3030 Correct Answers Link to ACC 561 Final Exam 3030 Correct Answers Download free version ACC 561 Final Exam 3030 Correct Answers service manual ACC 561 Final Exam Answers An error occurred! Complete Answers to ALL Six Final Exam options for your University of Phoenix ACC 561 class are included in this package, each exam receiving a perfect score : Last Updated May 2015 Your Professor will
  • randomly be giving you ONE of the following exams included in this package 1. ACC 561 Final Exam 1 – Score 100% 2. ACC 561 Final Exam 2 - Score 100% 3. ACC 561 Final Exam 3 - Score 100% 4. ACC 561 Final Exam 4 - Score 100% 5. ACC 561 Final Exam 5 - Score 100% 6. ACC 561 Final Exam 6 - Score 100% Preview of exam questions  (Answers Not Shown In Example) : The accrual basis of accounting recognizes the impact of transactions on the financial statements in the period when _____. A. the accounting equation is decreased B. the transaction occurs C. cash is received or disbursed A. statement of equity position The accounting convention of _____ means selecting the method of measurement that yields the gloomiest immediate results. A. conservatism B. materiality C. objectivity D. cost benefit A. evaluating the creditworthiness of the organization B. revealing commitments that may restrict future courses of action C. determining a company’s ability to pay its debts when they are due D. showing the relationship of net income to changes in cash The difference between a single and multiple step income statement is that a single step income statement_____. A. shows only one year’s net income, whereas a multiple step income statement shows multiple years’ net income B. calculates gross profit and operating income, whereas a multiple step income statement does not C. calculates net income using one method, whereas a multiple step income statement calculates net income under two or more methods D. groups all revenues together and all expenses together, whereas a multiple step income statement separates certain revenues and expenses from each other and presents subtotals Sylvester Company requires clients to pay in advance for legal services. One such client made a $4,000 payment on May 1, and Sylvester Company recorded this transaction in the appropriate liability account. As of May 20, the legal services that the client requested had been completed. The May 20 accounting entry will: A. decrease liabilities and increase revenues B. increase revenues and increase liabilities C. decrease assets and decrease liabilities D. decrease assets and increase revenues Department performance reports can be used to help department heads determine _____. A. who is primarily responsible for any deviations from plans B. how effectively and efficiently the department is operating A. ignore areas that are presumed to be running smoothly B. are deviations from a plan C. are quantitative expressions of action plans D. provide feedback by comparing results with plans and by highlighting deviations from plans Performance reports _____. A. ignore areas that are presumed to be running smoothly B. are deviations from a plan C. are quantitative expressions of action plans D. provide feedback by comparing results with plans and by highlighting deviations from plans According to the Institute of Management Accountants’ Statement of Ethical Professional Practice, the standard of competence includes: C. The cost-benefit balance D. Behavioral implications _____ is the field of accounting that develops information for external decision makers such as stockholders, suppliers, banks, and government regulatory agencies. A. income statement B. statement of cash flows C. statement of retained earnings D. balance sheet _____ would not appear on the financial statements for a sole proprietorship. A. Paid-in Capital B. Unearned Sales Revenues C. Accumulated Depreciation D. Cost of Goods Sold Etiwanda Company’s accountant recorded a debit to Accounts Payable and a credit to Cash. This transaction will_____. A. increase Cash and decrease Accounts Payable B. decrease Cash and decrease Accounts Payable C. increase Cash and increase Accounts Payable The use of acquisition cost less depreciation in valuing an asset on the balance sheet is the logical result of the _____ accounting convention. A. continuity B. materiality B. conservatism C. materiality D. continuity The accounting convention of _____ guides the relative sophistication of the accounting system. A. conservatism B. materiality C. objectivity D. cost benefit 1Limited liability means that_____. A. the company is required to pay only current liabilities in the current year and has no obligation to pay long term liabilities in the current year B. corporations can have liabilities up to only a certain amount due to limits on the company’s borrowing capability C. the creditors of the corporation have claims on only the assets of the corporation and not the assets of the owners of the corporation D. the creditors of a corporation can receive only up to, and no more than, the amount due to them The Rebecca Company acquired merchandise inventory costing $10,000 on September 1. The company will not pay for the inventory until October 1. This transaction will affect the Rebecca Company by increasing the Merchandise Inventory account by $10,000 and _____. A. increasing the Capital account by $10,000 B. decreasing the Capital account by $10,000 C. increasing the Accounts Payable account by $10,000 D. decreasing the Accounts Payable account by $10,000 Nonoperating items on the income statement_____. A. appear only on corporate income statements B. appear on the income statement immediately after gross profit C. are revenues and expenses arising from adjusting entries D. reflect the effects of financial management decisions Which value chain function would include the cost of computer-aided design equipment and cost to develop the prototype of a product? A. Number of service calls is not a cost driver of customer services costs. B. All of these answers are correct C. Hours spent servicing products are not a cost driver of customer services costs. B. The marketing function would include advertising costs. C. The distribution function would include advertising costs. D. The customer service function would include advertising costs. Hug Me Company produces dolls. Each doll sells for $20.00. Variable costs per unit total $14.00, of which $6.25 is for direct materials and $5.25 is for direct labor. If total fixed costs are $435,000, then the break even volume in dollars is _____. C. $1,450,000 D. $1,023,529 “SHOW YOUR WORK” INCLUDED IN PACKAGE Walnut Corporation sells desks at $480 per desk. The costs associated with each desk are as follows: Direct materials $195 Direct labor 126 Variable factory overhead 51 Total fixed costs for the period are $456,840. The contribution margin per desk is _____. “SHOW YOUR WORK” INCLUDED IN PACKAGE Knothole Company sells desks at $480 per desk. The costs associated with each desk are as follows: Direct materials $195 Direct labor 126 Variable factory overhead 51 Total fixed costs for the period are $456,840. The break-even volume in dollars is _____. A. $2,030,400 B. none of these answers is correct C. $456,840 D. $1,573,560 “SHOW YOUR WORK” INCLUDED IN PACKAGE Managers should apply two principles to obtain accurate and useful cost functions. These principles are ____. A. reliability and validity B. believability and validity C. plausibility and believability A. whether the costs and activities can be easily observed B. how well the cost function predicts future costs C. how well the cost function explains past cost behavior D. whether the cost function conforms to a given mathematical model The change from traditional costing to activity-based costing may reveal that _____. A. high volume products are overcosted B. both high and low volume products are overcosted C. both high and low volume products are undercosted D. low volume products are overcosted _____ is a name for a system that first accumulates overhead costs for each of the activities of an organization, and then assigns the costs of activities to the products, services, or other cost objects that caused that activity. A. Activity based costing B. Transaction based accounting C. Transaction costing B. obtain reimbursement C. predict the economic effects of planning and control decisions D. compute income and asset valuation _____ is not a type of cost allocation. A. Allocation of costs of a particular organizational unit to products or services B. Reallocation of costs from service departments to production departments C. Allocation of costs to the appropriate organizational unit D. Reallocation of costs from production departments to service departments The preferred guidelines for allocating service department costs include _____. A. establishing part or all of the details regarding cost allocation in advance of rendering the service B. evaluating performance using allocated costs for each service department C. identifying the direct and indirect costs D. allocating variable- and fixed-cost pools simultaneously Gomez Company has two service departments, Maintenance and Personnel, as well as two production departments, Mixing and Finishing. Maintenance costs are allocated based on square footage while personnel costs are allocated based on number of employees. The following information has been gathered for the current year _____. Maintenance
  • Personnel Mixing Finishing Direct dept. costs $126,000 $84,000 $105,000 $175,000 Square footage 800 400 1,600 1,200 Number of employees 8 12 24 32 If the step-down method is used to allocate costs and the Maintenance Department is allocated first, the amount of overhead that would be allocated from Maintenance to Mixing is: A. $36,000 B. $42,750 C. $42,000 D. $63,000 “SHOW YOUR WORK” INCLUDED IN PACKAGE Serena Company has two service departments, Maintenance and Personnel, as well as two production departments, Mixing and Finishing. Maintenance costs are allocated based on square footage while personnel costs are allocated based on number of employees. The following information has been gathered for the current year: Maintenance Personnel Mixing Finishing Direct dept. costs $126,000 $84,000 $105,000 $175,000 Square footage 800 400 1,600 1,200 Number of employees 8 12 24 32 If the step-down method is used to allocate costs and the Maintenance Department is allocated first, then the amount of overhead that would be allocated from Maintenance to Finishing is _____. “SHOW YOUR WORK” INCLUDED IN PACKAGE Martinez Company has two service departments, Maintenance and Personnel, as well as two production departments, Mixing and Finishing. Maintenance costs are allocated based on square footage while personnel costs are allocated based on number of employees. The following information has been gathered for the current year: Maintenance Personnel Mixing Finishing Direct dept. costs $50,400 $33,600 $42,000 $5,600 Square footage 1,600 800 3,200 2,400 Number of employees 16 24 48 64 If the step down method is used to allocate costs and the Maintenance Department is allocated first, then the amount of overhead that would be allocated from Personnel to Maintenance is _____. C. manufacturing and nonmanufacturing D. variable and nonmanufacturing Absorption costing assigns _____ to the product. A. variable and fixed manufacturing costs B. all variable costs C. variable manufacturing costs D. all fixed and variable costs Identify which of the following is not a characteristic of a management control system. A. A management control system aids and coordinates the process of making decisions. B. A management control system motivates individuals throughout the organization to act in concert. A. The organization’s long-range budget B. The stockholder’s preferences C. The organization’s goals B. Preparing financial statements C. Establishing organizational goals D. Distinguishing between profit centers and cost centers Speedo Company’s revenues are $300 on invested capital of $240. Expenses are currently 70% of sales. If Angelo Company can reduce its invested capital by 20%, return on investment will be _____. “SHOW YOUR WORK” INCLUDED IN PACKAGE Jewel Company’s revenues are $300 and invested capital is $240. Expenses are currently 60% of sales. Jewel Company’s current return on investment is _____. ACC 561 Final Exam MCQs. 30/30. Get an A++. Question details: 1). The statement of cash flows is used for _____. 2) Nonoperating items on the income statement _____. 3) The difference between a single-step and multiple-step income statement is that a single-step income statement _____. 4) Which one of the following statements is true? 5) The _____ accounting convention uses the acquisition cost minus depreciation in valuing an asset on the balance sheet. 6) A new corporation issuing a common, no-par value stock for cash would include a journal entry a debit to _____. 7) Which type of organization would most likely have work-in-process inventory? 8) _____ is a measure of income or profit divided by the investment required to obtain that income or profit. 9) The following information is available for the Peter Company: The return on sales is _____. 10) The following information is available for the Peter Company: The return on sales is _____. 11) Company A’s revenues are $300 on invested capital of $240. Expenses are currently 70% of sales. If Angelo Company can reduce its capital investment by 20% in Company A, return on investment will be _____. 12) When the variable costing method is used, fixed factory overhead appears on the income statement as a _____. 13) In absorption costing, costs are separated into the major categories of _____. 14) _____ is another term for variable costing. 15) Budgeted service department cost rates protects the user departments from _____. 16) _____ is an example of the external financial-reporting purpose of the cost management systems. ACC 561 final exam 17) The level of sales at which revenues equal expenses and net income is zero is called the _____. 18) Output measures of both resources and activities are _____. 19) The break-even point is where _____. 20) _____ budgeting is when budgets are formulated with the active participation of all affected employees. 21) _____ is the logical integration of management accounting tools to gather and report data and to evaluate performance. 22) _____ are components of a master budget. 23) An important factor considered by sales forecasters is _____. 24) _____ models are mathematical models of the master budget that can react to any set of assumptions about sales, costs, and product mix. 25) Which of the following is an objective of budgeting? 26) An organization’s budget program should be used 27) The activity-based costing may reveal _________, whereas traditional costing cannot. 28) _____ is a method of approximating cost functions. 29) In relation to a cost function, the term reliability refers to _____. 30) One of the simplest methods to measure a linear cost function from past data is the _____. Homework Lance Online Homework Help LDR 531 Final Exam 30/30 Correct Answers LDR 531 Final Exam 30/30 Correct Answers 1) Which of the following is best defined as a consciously coordinated social unit, composed of two or more people, which functions on a relatively continuous basis to achieve a common goal or set of goals? 2) Over the past 2 decades, business schools have added required courses on organizational design to many of their curricula. Why have they done this? 3) Robert Katz identified three essential skills that managers must have to reach their goals. What are these skills? 4) __________ is a field of study that investigates the effect that individuals, groups, and structures have on behavior within organizations for the purpose of applying such knowledge toward improving an organization’s effectiveness. 5) What do the fundamental consistencies underlying the behavior of all individuals enable researchers to do? 6) Which of the following is a generic term that covers a broad range of feelings that people experience? 7) What term is used for intense feelings that are directed at someone or something? 8) If personality characteristics were completely dictated by __________, they would be fixed at birth and no amount of experience could alter them. 9) Which of the following are classifications on the Myers-Briggs Type Indicator? 10) Maria is dissatisfied with the way that her manager treats her. She has quit her job and found a new position with another firm. How has she expressed her dissatisfaction? 11) You quietly continue to do your work when you know things will not improve. This is what type of response to dissatisfaction? a. generates positive synergy through coordinated effort 13) __________ results in a level of performance that is greater than the sum of the individual input. 15) Zach is devout and very active in his church. He is also a very dedicated employee. His manager offers him a promotion, but the new role will require him to work Sundays. Zach would like the promotion, but realizes that it would force him to miss some church activities. It is likely that Zach is experiencing which of the following: 16) Which role focuses on bringing about order and consistency by drawing up formal plans? 17) Which statement regarding leadership is true? 18) What are three situational criteria identified in the Fiedler model? 19) The reconceptualization of the contingency model by Garcia and Fiedler is called _____ theory. 20) Which path-goal leadership style leads to greater satisfaction when tasks are ambiguous or stressful? 21) According the Path-Goal Theory, what leader is friendly and shows concern for the needs of followers? 22) Phrases such as “more cultural diversity,â€​ “many new entrants with inadequate skills,â€​ and “increase in professionalsâ€​ are all examples of what force for change? 23) What is a goal of planned change? 24) Using covert influence to overcome resistance to change is called what? 25) If individuals resisting change are included in making change decisions in an attempt to gain their support, what is this approach is called? Get now! ACC 561 Final Exam 3030 Correct Answers
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  • Get now! ACC 561 Final Exam 3030 Correct Answers Link to ACC 561 Final Exam 3030 Correct Answers Download free version ACC 561 Final Exam 3030 Correct Answers service manual ACC 561 Final Exam Answers An error occurred! Complete Answers to ALL Six Final Exam options for your University of Phoenix ACC 561 class are included in this package, each exam receiving a perfect score : Last Updated May 2015 Your Professor will
  • randomly be giving you ONE of the following exams included in this package 1. ACC 561 Final Exam 1 – Score 100% 2. ACC 561 Final Exam 2 - Score 100% 3. ACC 561 Final Exam 3 - Score 100% 4. ACC 561 Final Exam 4 - Score 100% 5. ACC 561 Final Exam 5 - Score 100% 6. ACC 561 Final Exam 6 - Score 100% Preview of exam questions  (Answers Not Shown In Example) : The accrual basis of accounting recognizes the impact of transactions on the financial statements in the period when _____. A. the accounting equation is decreased B. the transaction occurs C. cash is received or disbursed A. statement of equity position The accounting convention of _____ means selecting the method of measurement that yields the gloomiest immediate results. A. conservatism B. materiality C. objectivity D. cost benefit A. evaluating the creditworthiness of the organization B. revealing commitments that may restrict future courses of action C. determining a company’s ability to pay its debts when they are due D. showing the relationship of net income to changes in cash The difference between a single and multiple step income statement is that a single step income statement_____. A. shows only one year’s net income, whereas a multiple step income statement shows multiple years’ net income B. calculates gross profit and operating income, whereas a multiple step income statement does not C. calculates net income using one method, whereas a multiple step income statement calculates net income under two or more methods D. groups all revenues together and all expenses together, whereas a multiple step income statement separates certain revenues and expenses from each other and presents subtotals Sylvester Company requires clients to pay in advance for legal services. One such client made a $4,000 payment on May 1, and Sylvester Company recorded this transaction in the appropriate liability account. As of May 20, the legal services that the client requested had been completed. The May 20 accounting entry will: A. decrease liabilities and increase revenues B. increase revenues and increase liabilities C. decrease assets and decrease liabilities D. decrease assets and increase revenues Department performance reports can be used to help department heads determine _____. A. who is primarily responsible for any deviations from plans B. how effectively and efficiently the department is operating A. ignore areas that are presumed to be running smoothly B. are deviations from a plan C. are quantitative expressions of action plans D. provide feedback by comparing results with plans and by highlighting deviations from plans Performance reports _____. A. ignore areas that are presumed to be running smoothly B. are deviations from a plan C. are quantitative expressions of action plans D. provide feedback by comparing results with plans and by highlighting deviations from plans According to the Institute of Management Accountants’ Statement of Ethical Professional Practice, the standard of competence includes: C. The cost-benefit balance D. Behavioral implications _____ is the field of accounting that develops information for external decision makers such as stockholders, suppliers, banks, and government regulatory agencies. A. income statement B. statement of cash flows C. statement of retained earnings D. balance sheet _____ would not appear on the financial statements for a sole proprietorship. A. Paid-in Capital B. Unearned Sales Revenues C. Accumulated Depreciation D. Cost of Goods Sold Etiwanda Company’s accountant recorded a debit to Accounts Payable and a credit to Cash. This transaction will_____. A. increase Cash and decrease Accounts Payable B. decrease Cash and decrease Accounts Payable C. increase Cash and increase Accounts Payable The use of acquisition cost less depreciation in valuing an asset on the balance sheet is the logical result of the _____ accounting convention. A. continuity B. materiality B. conservatism C. materiality D. continuity The accounting convention of _____ guides the relative sophistication of the accounting system. A. conservatism B. materiality C. objectivity D. cost benefit 1Limited liability means that_____. A. the company is required to pay only current liabilities in the current year and has no obligation to pay long term liabilities in the current year B. corporations can have liabilities up to only a certain amount due to limits on the company’s borrowing capability C. the creditors of the corporation have claims on only the assets of the corporation and not the assets of the owners of the corporation D. the creditors of a corporation can receive only up to, and no more than, the amount due to them The Rebecca Company acquired merchandise inventory costing $10,000 on September 1. The company will not pay for the inventory until October 1. This transaction will affect the Rebecca Company by increasing the Merchandise Inventory account by $10,000 and _____. A. increasing the Capital account by $10,000 B. decreasing the Capital account by $10,000 C. increasing the Accounts Payable account by $10,000 D. decreasing the Accounts Payable account by $10,000 Nonoperating items on the income statement_____. A. appear only on corporate income statements B. appear on the income statement immediately after gross profit C. are revenues and expenses arising from adjusting entries D. reflect the effects of financial management decisions Which value chain function would include the cost of computer-aided design equipment and cost to develop the prototype of a product? A. Number of service calls is not a cost driver of customer services costs. B. All of these answers are correct C. Hours spent servicing products are not a cost driver of customer services costs. B. The marketing function would include advertising costs. C. The distribution function would include advertising costs. D. The customer service function would include advertising costs. Hug Me Company produces dolls. Each doll sells for $20.00. Variable costs per unit total $14.00, of which $6.25 is for direct materials and $5.25 is for direct labor. If total fixed costs are $435,000, then the break even volume in dollars is _____. C. $1,450,000 D. $1,023,529 “SHOW YOUR WORK” INCLUDED IN PACKAGE Walnut Corporation sells desks at $480 per desk. The costs associated with each desk are as follows: Direct materials $195 Direct labor 126 Variable factory overhead 51 Total fixed costs for the period are $456,840. The contribution margin per desk is _____. “SHOW YOUR WORK” INCLUDED IN PACKAGE Knothole Company sells desks at $480 per desk. The costs associated with each desk are as follows: Direct materials $195 Direct labor 126 Variable factory overhead 51 Total fixed costs for the period are $456,840. The break-even volume in dollars is _____. A. $2,030,400 B. none of these answers is correct C. $456,840 D. $1,573,560 “SHOW YOUR WORK” INCLUDED IN PACKAGE Managers should apply two principles to obtain accurate and useful cost functions. These principles are ____. A. reliability and validity B. believability and validity C. plausibility and believability A. whether the costs and activities can be easily observed B. how well the cost function predicts future costs C. how well the cost function explains past cost behavior D. whether the cost function conforms to a given mathematical model The change from traditional costing to activity-based costing may reveal that _____. A. high volume products are overcosted B. both high and low volume products are overcosted C. both high and low volume products are undercosted D. low volume products are overcosted _____ is a name for a system that first accumulates overhead costs for each of the activities of an organization, and then assigns the costs of activities to the products, services, or other cost objects that caused that activity. A. Activity based costing B. Transaction based accounting C. Transaction costing B. obtain reimbursement C. predict the economic effects of planning and control decisions D. compute income and asset valuation _____ is not a type of cost allocation. A. Allocation of costs of a particular organizational unit to products or services B. Reallocation of costs from service departments to production departments C. Allocation of costs to the appropriate organizational unit D. Reallocation of costs from production departments to service departments The preferred guidelines for allocating service department costs include _____. A. establishing part or all of the details regarding cost allocation in advance of rendering the service B. evaluating performance using allocated costs for each service department C. identifying the direct and indirect costs D. allocating variable- and fixed-cost pools simultaneously Gomez Company has two service departments, Maintenance and Personnel, as well as two production departments, Mixing and Finishing. Maintenance costs are allocated based on square footage while personnel costs are allocated based on number of employees. The following information has been gathered for the current year _____. Maintenance
  • Personnel Mixing Finishing Direct dept. costs $126,000 $84,000 $105,000 $175,000 Square footage 800 400 1,600 1,200 Number of employees 8 12 24 32 If the step-down method is used to allocate costs and the Maintenance Department is allocated first, the amount of overhead that would be allocated from Maintenance to Mixing is: A. $36,000 B. $42,750 C. $42,000 D. $63,000 “SHOW YOUR WORK” INCLUDED IN PACKAGE Serena Company has two service departments, Maintenance and Personnel, as well as two production departments, Mixing and Finishing. Maintenance costs are allocated based on square footage while personnel costs are allocated based on number of employees. The following information has been gathered for the current year: Maintenance Personnel Mixing Finishing Direct dept. costs $126,000 $84,000 $105,000 $175,000 Square footage 800 400 1,600 1,200 Number of employees 8 12 24 32 If the step-down method is used to allocate costs and the Maintenance Department is allocated first, then the amount of overhead that would be allocated from Maintenance to Finishing is _____. “SHOW YOUR WORK” INCLUDED IN PACKAGE Martinez Company has two service departments, Maintenance and Personnel, as well as two production departments, Mixing and Finishing. Maintenance costs are allocated based on square footage while personnel costs are allocated based on number of employees. The following information has been gathered for the current year: Maintenance Personnel Mixing Finishing Direct dept. costs $50,400 $33,600 $42,000 $5,600 Square footage 1,600 800 3,200 2,400 Number of employees 16 24 48 64 If the step down method is used to allocate costs and the Maintenance Department is allocated first, then the amount of overhead that would be allocated from Personnel to Maintenance is _____. C. manufacturing and nonmanufacturing D. variable and nonmanufacturing Absorption costing assigns _____ to the product. A. variable and fixed manufacturing costs B. all variable costs C. variable manufacturing costs D. all fixed and variable costs Identify which of the following is not a characteristic of a management control system. A. A management control system aids and coordinates the process of making decisions. B. A management control system motivates individuals throughout the organization to act in concert. A. The organization’s long-range budget B. The stockholder’s preferences C. The organization’s goals B. Preparing financial statements C. Establishing organizational goals D. Distinguishing between profit centers and cost centers Speedo Company’s revenues are $300 on invested capital of $240. Expenses are currently 70% of sales. If Angelo Company can reduce its invested capital by 20%, return on investment will be _____. “SHOW YOUR WORK” INCLUDED IN PACKAGE Jewel Company’s revenues are $300 and invested capital is $240. Expenses are currently 60% of sales. Jewel Company’s current return on investment is _____. ACC 561 Final Exam MCQs. 30/30. Get an A++. Question details: 1). The statement of cash flows is used for _____. 2) Nonoperating items on the income statement _____. 3) The difference between a single-step and multiple-step income statement is that a single-step income statement _____. 4) Which one of the following statements is true? 5) The _____ accounting convention uses the acquisition cost minus depreciation in valuing an asset on the balance sheet. 6) A new corporation issuing a common, no-par value stock for cash would include a journal entry a debit to _____. 7) Which type of organization would most likely have work-in-process inventory? 8) _____ is a measure of income or profit divided by the investment required to obtain that income or profit. 9) The following information is available for the Peter Company: The return on sales is _____. 10) The following information is available for the Peter Company: The return on sales is _____. 11) Company A’s revenues are $300 on invested capital of $240. Expenses are currently 70% of sales. If Angelo Company can reduce its capital investment by 20% in Company A, return on investment will be _____. 12) When the variable costing method is used, fixed factory overhead appears on the income statement as a _____. 13) In absorption costing, costs are separated into the major categories of _____. 14) _____ is another term for variable costing. 15) Budgeted service department cost rates protects the user departments from _____. 16) _____ is an example of the external financial-reporting purpose of the cost management systems. ACC 561 final exam 17) The level of sales at which revenues equal expenses and net income is zero is called the _____. 18) Output measures of both resources and activities are _____. 19) The break-even point is where _____. 20) _____ budgeting is when budgets are formulated with the active participation of all affected employees. 21) _____ is the logical integration of management accounting tools to gather and report data and to evaluate performance. 22) _____ are components of a master budget. 23) An important factor considered by sales forecasters is _____. 24) _____ models are mathematical models of the master budget that can react to any set of assumptions about sales, costs, and product mix. 25) Which of the following is an objective of budgeting? 26) An organization’s budget program should be used 27) The activity-based costing may reveal _________, whereas traditional costing cannot. 28) _____ is a method of approximating cost functions. 29) In relation to a cost function, the term reliability refers to _____. 30) One of the simplest methods to measure a linear cost function from past data is the _____. Homework Lance Online Homework Help LDR 531 Final Exam 30/30 Correct Answers LDR 531 Final Exam 30/30 Correct Answers 1) Which of the following is best defined as a consciously coordinated social unit, composed of two or more people, which functions on a relatively continuous basis to achieve a common goal or set of goals? 2) Over the past 2 decades, business schools have added required courses on organizational design to many of their curricula. Why have they done this? 3) Robert Katz identified three essential skills that managers must have to reach their goals. What are these skills? 4) __________ is a field of study that investigates the effect that individuals, groups, and structures have on behavior within organizations for the purpose of applying such knowledge toward improving an organization’s effectiveness. 5) What do the fundamental consistencies underlying the behavior of all individuals enable researchers to do? 6) Which of the following is a generic term that covers a broad range of feelings that people experience? 7) What term is used for intense feelings that are directed at someone or something? 8) If personality characteristics were completely dictated by __________, they would be fixed at birth and no amount of experience could alter them. 9) Which of the following are classifications on the Myers-Briggs Type Indicator? 10) Maria is dissatisfied with the way that her manager treats her. She has quit her job and found a new position with another firm. How has she expressed her dissatisfaction? 11) You quietly continue to do your work when you know things will not improve. This is what type of response to dissatisfaction? a. generates positive synergy through coordinated effort 13) __________ results in a level of performance that is greater than the sum of the individual input. 15) Zach is devout and very active in his church. He is also a very dedicated employee. His manager offers him a promotion, but the new role will require him to work Sundays. Zach would like the promotion, but realizes that it would force him to miss some church activities. It is likely that Zach is experiencing which of the following: 16) Which role focuses on bringing about order and consistency by drawing up formal plans? 17) Which statement regarding leadership is true? 18) What are three situational criteria identified in the Fiedler model? 19) The reconceptualization of the contingency model by Garcia and Fiedler is called _____ theory. 20) Which path-goal leadership style leads to greater satisfaction when tasks are ambiguous or stressful? 21) According the Path-Goal Theory, what leader is friendly and shows concern for the needs of followers? 22) Phrases such as “more cultural diversity,â€​ “many new entrants with inadequate skills,â€​ and “increase in professionalsâ€​ are all examples of what force for change? 23) What is a goal of planned change? 24) Using covert influence to overcome resistance to change is called what? 25) If individuals resisting change are included in making change decisions in an attempt to gain their support, what is this approach is called? Get now! ACC 561 Final Exam 3030 Correct Answers
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