Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 9, Problem 4MC
A key advantage of a decentralized organization is _________.
A. increased administrative costs
B. quicker decisions and response time
C. the ease of aligning segment and company goals
D. duplication of efforts
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In an effort to optimize decentralization, work towards accomplishing its mission, and achieve goal-congruence, an organization will strive to utilize a lot of planning in the design and implementation of their management system. Which of the following represents one of the four pillars of management control systems? O Performance measurement Production O Unit pricing O Irresponsibility centers
Which of the following is an advantage of a newly installed Enterprise Resource Planning (ERP) system?
Select one:
A.
As data is entered once only, it becomes easier to detect accuracy and completeness errors
B.
They typically cost very little to implement
C.
Accountability and responsibility may be less clear which often improves employee morale
D.
Information may be accessed across organisational functions assisting with better decision making
Which is a disadvantage of an enterprise resource planning (ERP) system?
a. Helps companies adjust to changes
b. Can replace separate software systems
c. Can reduce operating costs
d. Implementation requires a large commitment of time and people
Chapter 9 Solutions
Principles of Accounting Volume 2
Ch. 9 - Which of the following is nor a common goal of an...Ch. 9 - Which of the following does not describe a...Ch. 9 - In centralized organizations, primary decisions...Ch. 9 - A key advantage of a decentralized organization is...Ch. 9 - Strategic decisions occur ______. A. frequently...Ch. 9 - Segments are uniquely identifiable components of...Ch. 9 - Organizational charts _____. A. list the salaries...Ch. 9 - In a centralized organization, where are goals...Ch. 9 - Managers in decentralized organizations make...Ch. 9 - Which of the following is not a type of...
Ch. 9 - A system that establishes financial accountability...Ch. 9 - A responsibility center in which managers are held...Ch. 9 - A responsibility center structure that considers...Ch. 9 - An important goal of a responsibility accounting...Ch. 9 - Costs that a company or manager can influence are...Ch. 9 - An example of an uncontrollable cost would include...Ch. 9 - Internal costs that are charged to the segments of...Ch. 9 - A transfer pricing arrangement that uses the price...Ch. 9 - A transfer pricing structure that considers the...Ch. 9 - What is a management control system? What are its...Ch. 9 - Identify and describe the levels of management,...Ch. 9 - Discuss the difference between centralized and...Ch. 9 - Identity a company where you recently shopped....Ch. 9 - Discuss the difference between daily and strategic...Ch. 9 - Define segments and describe how identifying...Ch. 9 - Choose a company and describe how a specific...Ch. 9 - Choose a company and explain how a specific issue,...Ch. 9 - Assume you are the manager of a local Starbucks....Ch. 9 - Assume you are the manager of a local Starbucks....Ch. 9 - Lavell started out mowing lawns in the...Ch. 9 - Describe the concept of responsibility accounting.Ch. 9 - Describe the concept of a cost center and, using a...Ch. 9 - Describe the concept of a profit center and, using...Ch. 9 - Explain the benefits of a return on investment...Ch. 9 - Explain the benefits of a residual income...Ch. 9 - Discuss the concept of controllable and...Ch. 9 - Discuss the concept of transfer pricing.Ch. 9 - Discuss the advantages and disadvantages of a...Ch. 9 - Discuss the advantages and disadvantages of a...Ch. 9 - Discuss the advantages and disadvantages of a...Ch. 9 - Assume you have been hired by Hilton Hotels and...Ch. 9 - Consider the national nonprofit organization the...Ch. 9 - The following information is from Bluff Run Golf...Ch. 9 - The following information is from Daves Sporting...Ch. 9 - Assume you are the department B manager for...Ch. 9 - As manager of department B in MarIeys...Ch. 9 - Based on your research of the market in the...Ch. 9 - Using the information in the previous exercises...Ch. 9 - Assume you have been hired by Cabelas Sporting...Ch. 9 - Assume you are the regional manager for a hotel...Ch. 9 - The following information is from Dessert Dynasty....Ch. 9 - The following information is from Good Read Books....Ch. 9 - Assume you are the warehouse manager for Vinnies...Ch. 9 - As manager of the warehouse for Vinnies Vinyls,...Ch. 9 - Discuss how, as warehouse manager for Vinnies...Ch. 9 - Determine the operating income for Vinnies Vinyls...Ch. 9 - Use the following information to answer the...Ch. 9 - The income statement comparison for Forklift...Ch. 9 - Assume you are the leather department manager at...Ch. 9 - Financial information for BDS Enterprises for the...Ch. 9 - Using the information from BDS Enterprises,...Ch. 9 - Management of Great Springs Bottled Water Company...Ch. 9 - The following revenue data were taken from the...Ch. 9 - Use the following information to answer the...Ch. 9 - The income statement comparison for Rush Delivery...Ch. 9 - Assume you are the manager for the semi-trucks...Ch. 9 - Financial information for Lighthizer Trading...Ch. 9 - Using the information for Lighthizer Trading...Ch. 9 - Management of Green Peak Tea Company has asked...Ch. 9 - The following revenue data were taken from the...Ch. 9 - You have just been elected president of a...
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- Which of the following objectives would be associated with the process perspective? a. Increasing information system capabilities b. Increasing service quality c. Decreasing unit product cost d. Increasing customer satisfactionarrow_forwardWhich is not one of the potential advantages of decentralization? Improves motivation and retention Supports the use of expert knowledge Improves customer relations Increases goal congruencearrow_forwardIn service industries, what poses a unique challenge for cost management, requiring clear metrics and key performance indicators for effective control? A) Labor Costs B) Customer Expectations C) Technology Investments D) Competitionarrow_forward
- Which is not one of the potential advantages of decentralization? a. Improves motivation and retention b. Supports use of expert knowledge c. Improves customer relations d. Increases goal congruencearrow_forward5. 6. is the process of giving employees the authority to make important decisions and to be responsible for their outcomes. e. a. Centralization b. Standardization Matrix b. c. d. e. Empowerment C. d. is a design that groups people together based on their common expertise and experience or because they use the same resources. a. Functional structure Divisional structure e. Management by objectives Horizontal differentiation Matrix structure Hybrid structure Network structurearrow_forwardWhich of the following is not among the main uses of Activity-Based-Management ABM Select one: O a. Managing product and process cost O b. Managing constrained resources O c. Managing customer profitability d. Managing environmental costsarrow_forward
- Which is a disadvantage of an enterprise resource planning (ERP) system? Helps companies adjust to changes. Can replace separate software systems. Can reduce operating costs. Implementation requires a large commitment of time and people.arrow_forwardReasons for decentralization do not include which of the following? Ease of gathering and using local information Enhanced competition and exposing segments to market forces Training and motivating managers Focusing of central management on strategic planning and decision making All of the above are reasons for decentralizationarrow_forwardHow do functional structures improve a company? Multiple Choice O It allows for quicker decision making. Marketing typically won't happen without a specific department. Finance typically won't happen without a specific department. Specialization increases efficiency and effectiveness.arrow_forward
- The Role of Perfomance Management Techniques in improving Organizational Performancearrow_forwardA strategy of product leadership can also be called which of the following? O Cost leadership Lean accounting Total Quality Management Differentiationarrow_forwardCost effectiveness is a factor that needs to be kept in high consideration in decision making. To achieve this, effective cost ascertaiment approaches may be necessary. keeping in mind that changes are taking place in the business environment due to globalization and technology innovation. Discuss the above statement in line with the overall cost accounting philosophy.arrow_forward
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