The philosophy, in which the management works to improve value chain of the products, to exceed customer expectations is classified as ____________?

Related Mcqs:

1. The method of costing that supports creation of value for customer by accounting whole value stream, rather than individual departments or products is classified as __________?

   A. economic accounting
   B. back-flush accounting
   C. lean accounting
   D. lead accounting

2. In value chain analysis, the delivery of services or products to end customers is classified as _____________?

   A. resource research
   B. market research
   C. utilization
   D. distribution

3. The customer sustaining costs, customer batch-level costs and customer output-unit level costs are classified as _________?

   A. customer level indirect costs
   B. customer level direct costs
   C. corporate level direct costs
   D. corporate level indirect costs

4. The customer sustaining costs, customer batch-level costs and customer output-unit level costs are classified as _________?

   A. customer level indirect costs
   B. customer level direct costs
   C. corporate level direct costs
   D. corporate level indirect costs

5. The human resource management, IT management and management accountants are categorized under ______________?

   A. marketing management
   B. production management
   C. staff management
   D. line management

6. The technique, which accumulates and tracks revenues of business function in value chain attributed to each market offering from R&D to final customer support is called ___________?

   A. product life cycle
   B. life cycle budgeting
   C. life cycle costing
   D. target costing

7. A technique, which accumulates and tracks the costs of business function in value chain attributed to each market, offering from R&D to final customer support, is called __________?

   A. product life cycle
   B. life cycle budgeting
   C. life cycle costing
   D. target costing

8. The function of management accountant, who works as business partner comes under the category of ____________?

   A. asset function
   B. investment function
   C. line function
   D. staff function

9. In customer cost hierarchy, the costs of individual customer support activities are classified as ____________?

   A. discretionary channel costs
   B. corporate-sustaining costs
   C. distribution-channel costs
   D. customer-sustaining costs

10. An accounting approach, in which the expected benefits exceed the expected cost is classified as ___________?

    A. benefit approach
    B. cost approach
    C. cost-benefit approach
    D. accounting approach