Swinburne Higher Education Exam ACC30009 - Analysis for Competitive Advantage TP 1, 2016 PART A: Multiple choice questions Answer all questions. There is no penalty for wrong answers. Questions 1-10 are worth 1 mark each. Questions 11-15 are worth 2 marks each. (20 marks) 1. Which of the following BEST illustrate how environmental management accounting (EMA) assists managers to manage resources more effectively? a) EMA makes managers more accountable. b) Managers are forced to identify costs of disposing wastes and will therefore consider cost reduction alternatives such as reprocessing waste. c) EMA allows the inclusion of both financial and non-financial environmental data in the firm's management information system. d) EMA highlights both private and public environmental costs. 2. Which of the following is not an example of a responsibility centre? a) Revenue centre b) Profit centre c) Investment centre d) Corporate centre 3. Which of the following statements is true regarding lead measures? a) Lead measures are outcome measures. b) Lead measures are measures of results from past efforts. c) Lead measures are factors that drive future performance. d) Lead measures are those measures that can be readily verified. 4. The 'outside-in approach' of measuring sustainability performance refers to: a) Develop several key lead indicators first, then for each lead indicator managers can derive a number of lag indicators. b) Develop several key lag indicators first, then for each lag indicator managers can derive a number of lead indicators. c) Develop measures from within the business, then these measures are 'fed through' to external reporting. d) Measures are determined externally by outside forces e.g. government regulations, these measures then influence the development of internal measures. Page 1 of 16
Swinburne Higher Education Exam ACC30009 - Analysis for Competitive Advantage TP 1, 2016 5. Costs caused by the firm but incurred and paid for by parties outside the firm are: a) societal costs b) conventional costs c) internal failure costs d) private costs 6. A disadvantage of decentralisation is that it: a) creates greater responsiveness to local needs b) encourages suboptimal decision making c) focuses manager's attention on the organisation as a whole d) does not result in a duplication of activities 7. Costs of activities executed to determine if products, processes, and other activities within the firm are in compliance with appropriate environmental standards are called a) Environmental prevention costs b) Environmental external failure costs c) Environmental internal failure costs d) Environmental detection failure costs 8. A valuable method of assessing supplier performance is to use a supplier performance index. This index is calculated by: a) total purchase price + total supplier costs b) total supplier costs + total purchase price c) average purchase price + average supplier costs d) average supplier costs + average purchase price 9. Which of the following are performance measures used by firms to assess their own performance in relation to suppliers? 1. Per cent of orders processed by electronic means. 2. Number of expedited orders. 3. Response time to customer queries. a) 4. Reduction