STRATEGIC COST MANAGEMENT

Rodel Guerrero Pineda Jr. BSA-2

Our Lady of the Pillar College- San Manuel Inc.
Mr. Nickson Reyes, CPA– Instructor
September 15, 2020

CHAPTER 1: Overview of Cost Management and Strategy

Multiple Choice
1. D 11. D 21. B
2. D 12. A 22. D
3. D 13. A 23. D
4. D 14. A 24. B
5. A 15. D 25. C
6. D 16. A 26. D
7. D 17. D 27. B
8. A 18. D 28. D
9. D 19. D 29. D
10. D 20. B 30. D

CHAPTER 2: The Professional Environment of Cost Management

Exercise #1 (Problem-solving, Scorekeeping and Attention Directing)
1. Scorekeeping
2. Attention Directing
3. Scorekeeping
4. Problem-solving
5. Attention Directing
6. Attention Directing
7. Problem-solving
8. Scorekeeping
9. Scorekeeping
10. Problem solving

Exercise #7 (The roles of Managers and Management Accountant)

1. Managerial Accounting, Financial Accounting
2. Planning
3. Directing and Motivating
4. Feedback
5. Decentralization
6. Line
7. Staff
8. Controller
9. Budgets
10. Performance Report
11. Chief Financial Officer (CFO)
12. Precision, Nonmonetary data

Multiple Choice
1. B 11. C 21. A 31. B 41. B
2. B 12. C 22. A 32. D 42. A
3. A 13. D 23. C 33. C 43. D
4. A 14. B 24. B 34. C
5. C 15. D 25. C 35. D
6. C 16. B 26. B 36. C
7. B 17. A 27. A 37. C
8. D 18. B 28. B 38. C
9. B 19. A 29. B 39. A
10. C 20. C 30. A 40. B

CHAPTER 3: Contemporary Business Environment and Strategic Focus of Cost

Management
Multiple Choice
1. A
2. D
3. D
4. A
5. B
6. D
7. C

CHAPTER 4: Developing a Competitive Strategy and Contemporary Cost

Management Techniques
Multiple Choice
1. B 11. A 21. B 31. D 41. A
2. A 12. B 22. C 32. B 42. A
3. D 13. C 23. C 33. C 43. B
4. A 14. D 24. B 34. D 44. A
5. D 15. D 25. B 35. D 45. B
6. A 16. B 26. B 36. D 46. A
7. C 17. B 27. A 37. D 47. A
8. B 18. C 28. D 38. D
9. D 19. B 29. D 39. D
10. B 20. A 30. D 40. A