Question 1

​Which of the following is true of corporate sustainability reporting?

Accepted Answer

A)   ​Corporate sustainability reporting is synonymous with traditional financial reporting.
B)   ​Corporate sustainability reporting must adhere to generally accepted accounting principles.
C)   ​Corporate sustainability reporting is required to have the report contents verified by an independent third party.
D)   Corporate sustainability reporting is voluntary in nature.E) B) and C)
F) C) and D)

Question 2

terms listed below.
-?Wrongful or criminal deception intended to result in financial or personal gain

Accepted Answer

A)  ?Risk response net benefit
B)  ?Sustainability assurance
C)  ?Internal failure costs
D)  ?Duration-based costing
E)  ?Transaction riskF) ?FraudG) A) and D)
H) A) and E)

Question 3

Which of the following is true of lean manufacturing?​

Accepted Answer

A)   ​Lean manufacturing results in increased human efforts.
B)   ​Lean manufacturing seeks to achieve zero defects.
C)   ​In a lean manufacturing setup, production is organized by function into departments and products are produced in large batches.
D)   ​In a lean manufacturing setup, there is significant move time and wait time as each batch moves from one department to another and waits for its turn.E) A) and D)
F) A) and C)

Question 4

​Which of the following is true of a demand-push system of production?

Accepted Answer

A)   ​In a demand-push system, efforts are made to create demand for the goods that customers probably may not even want.
B)   ​A companion to a demand-push system is JIT purchasing.
C)   ​A demand-push system requires suppliers to deliver parts and materials just in time to be used in production.
D)   ​Lean manufacturing uses a demand-push system.E) B) and C)
F) A) and D)

Question 5

​The objective of quality cost management is to find ways to reduce total quality costs to _____, the optimal range recommended by quality experts.

Accepted Answer

A)   ​2 to 4% of sales
B)   ​5 to 10% of sales
C)   ​7 to 8% of sales
D)   ​9 to 10% of salesE) A) and C)
F) B) and C)

Question 6

Which of the following is true of accounting risk?​

Accepted Answer

A)   ​Accounting risk refers to the possibility that a firm's present value of future cash flows will be affected by exchange rate fluctuations.
B)   ​Accounting risk is the degree to which a firm's financial statements are exposed to exchange rate fluctuation.
C)   ​Accounting risk is synonymous with transaction risk.
D)   ​Accounting risk refers to the possibility that future cash transactions will be affected by changing exchange rates.E) A) and D)
F) None of the above

Question 7

_________ is measured as the benefit of risk response minus the cost of risk response.​

Accepted Answer

Risk respo...

Question 8

​According to the KPMG's Survey of Corporate Responsibility Reporting (2015) , _____ percent of the world's largest organizations issue a sustainability report.

Accepted Answer

A)   ​50
B)   ​10
C)   ​92
D)   ​25E) A) and C)
F) C) and D)

Exam 13: Emerging Topics in Managerial Accounting: Sustainability, Quality Cost, Lean Accounting, International Issues, Enterprise Risk Management, the Managerial Accountant in Forensicfraud Accounting

The objective of quality cost management is to find ways to reduce total quality costs to _____, the optimal range recommended by quality experts.

Correct Answer
verified

Which of the following is true of corporate sustainability reporting?

Correct Answer
verified

terms listed below. -?Wrongful or criminal deception intended to result in financial or personal gain

Correct Answer
verified

_________ is measured as the benefit of risk response minus the cost of risk response.

Correct Answer
verified
Risk respo...
View Answer

Which of the following is true of a demand-push system of production?

Correct Answer
verified

Which of the following is true of accounting risk?

Correct Answer
verified

According to the KPMG's Survey of Corporate Responsibility Reporting (2015) , _____ percent of the world's largest organizations issue a sustainability report.

Correct Answer
verified

Which of the following is true of lean manufacturing?

Correct Answer
verified

Exam 13: Emerging Topics in Managerial Accounting: Sustainability, Quality Cost, Lean Accounting, International Issues, Enterprise Risk Management, the Managerial Accountant in Forensicfraud Accounting

​The objective of quality cost management is to find ways to reduce total quality costs to _____, the optimal range recommended by quality experts.

Correct AnswerverifiedShow Answer

​Which of the following is true of corporate sustainability reporting?

Correct AnswerverifiedShow Answer

terms listed below. -?Wrongful or criminal deception intended to result in financial or personal gain

Correct AnswerverifiedShow Answer

_________ is measured as the benefit of risk response minus the cost of risk response.​

Correct AnswerverifiedRisk respo...View AnswerShow Answer

​Which of the following is true of a demand-push system of production?

Correct AnswerverifiedShow Answer

Which of the following is true of accounting risk?​

Correct AnswerverifiedShow Answer

​According to the KPMG's Survey of Corporate Responsibility Reporting (2015) , _____ percent of the world's largest organizations issue a sustainability report.

Correct AnswerverifiedShow Answer

Which of the following is true of lean manufacturing?​

Correct AnswerverifiedShow Answer

The objective of quality cost management is to find ways to reduce total quality costs to _____, the optimal range recommended by quality experts.

Correct Answer
verified

Which of the following is true of corporate sustainability reporting?

Correct Answer
verified

Correct Answer
verified

_________ is measured as the benefit of risk response minus the cost of risk response.

Correct Answer
verified
Risk respo...
View Answer

Which of the following is true of a demand-push system of production?

Correct Answer
verified

Which of the following is true of accounting risk?

Correct Answer
verified

According to the KPMG's Survey of Corporate Responsibility Reporting (2015) , _____ percent of the world's largest organizations issue a sustainability report.

Correct Answer
verified

Which of the following is true of lean manufacturing?

Correct Answer
verified