Question

Question 5

1. As per PricewaterhouseCoopers' survey of 1,409 CEOs from across 83 countries, the stakeholders who had the greatest impact on an organization's strategy are:

   customers and clients.

   speculators.

   lobbyists.

   Question 16

   Which of the following is true of lean accounting?

   Lean accounting and traditional accounting are used interchangeably.

   Lean accounting approaches include average costing and the expanded use of nonfinancial measures for operational control.

   Lean accounting encourages overproduction and works against the demand-pull system.

   Lean accounting is an approach designed to support the demand-push system.

   Question 17

   Assume that facility costs are $350,000 per year for a plant occupying 20,000 square feet. The cost per square foot is $17.50. A value stream occupying 10,000 square feet would be assigned a cost of $175,000. If the value-stream manager figures out how to do the same tasks with 5,000 square feet, the cost would be reduced to:

   		$87,500.
   		$77,000.
   		$175,000.
   		$200,500

Answer 1

5.

The stakeholders who had the greatest impact on an organization's strategy are customers and clients.

Speculators and lobbyists have least or no impact on an organization's strategy.

16.

The following statement is true of lean accounting:

Lean accounting approaches include average costing and the expanded use of nonfinancial measures for operational control.

17.

There would be no change in the facility costs assigned to the value stream. The cost would be reduced to $175,000.