38. A major accounting contribution to the managerial decision-making process in evaluating

possible courses of action is to

a. assign responsibility for the decision.

b. provide relevant revenue and cost data about each course of action.

c. determine the amount of money that should be spent on a project.

d. decide which actions that management should consider.

 

39. Which of the following stages of the management decision-making process is improperly

sequenced?

a. Evaluate possible courses of action Æ Make decision.

b. Assign responsibility for the decision Æ Identify the problem.

c. Identify the problem Æ Determine possible courses of action.

d. Assign responsibility for decision Æ Determine possible courses of action.

 

40. Internal reports that review the actual impact of decisions are prepared by

a. department heads.

b. the controller.

c. management accountants.

d. factory workers.

 

41. Which of the following steps in the management decision-making process does not

generally involve the managerial accountant?

a. Determine possible courses of action

b. Make the appropriate decision based on relevant data

c. Prepare internal reports that review the impact of decisions

d. None of these

 

The process of evaluating financial data that change under alternative courses of action is

called

a. double entry analysis.

b. contribution margin analysis.

c. incremental analysis.

d. cost-benefit analysis.

 

43. Nonfinancial information that management might evaluate in making a decision would not

include

a. employee turnover.

b. contribution margin.

c. the environment.

d. the corporate profile in the community.

 

44. Incremental analysis is synonymous with

a. difficult analysis.

b. differential analysis.

c. gross profit analysis.

d. derivative analysis.

 

45. In incremental analysis,

a. only costs are analyzed.

b. only revenues are analyzed.

c. both costs and revenues may be analyzed.

d. both costs and revenues that stay the same between alternate courses of action will

be analyzed.

 

46. Incremental analysis is most useful

a. in developing relevant information for management decisions.

b. in choosing between the net present value method and the internal rate of return

method.

c. in evaluating the master budget.

d. as a replacement technique for variance analysis.

 

47. The source of data to serve as inputs in incremental analysis is generated by

a. market analysts.

b. engineers.

c. accountants.

d. all of these.

 

Which of the following is not a true statement?

a. Incremental analysis might also be referred to as differential analysis.

b. Incremental analysis is the same as CVP analysis.

c. Incremental analysis is useful in making decisions.

d. Incremental analysis focuses on decisions that involve a choice among alternative

courses of action.

 

49. Incremental analysis would not be appropriate for

a. a make or buy decision.

b. an allocation of limited resource decision.

c. elimination of an unprofitable segment.

d. analysis of manufacturing variances.

 

Incremental analysis would be appropriate for

a. acceptance of an order at a special price.

b. a retain or replace equipment decision.

c. a sell or process further decision.

d. all of these.

 

51. Which of the following is a true statement about cost behaviors in incremental analysis?

1. Fixed costs will not change between alternatives.

2. Fixed costs may change between alternatives.

3. Variable costs will always change between alternatives.

a. 1

b. 2

c. 3

d. 2 and 3

 

52. A company is considering the following alternatives:

Alternative 1 Alternative 2

Revenues $120,000 $120,000

Variable costs 60,000 70,000

Fixed costs 35,000 35,000

Which of the following are relevant in choosing between the alternatives?

a. Variable costs

b. Revenues

c. Fixed costs

d. Variable costs and fixed costs

 

53. It costs Harmon Company $12 of variable and $5 of fixed costs to produce one bathroom

scale which normally sells for $35. A foreign wholesaler offers to purchase 2,000 scales at

$15 each. Harmon would incur special shipping costs of $1 per scale if the order were

accepted. Harmon has sufficient unused capacity to produce the 2,000 scales. If the

special order is accepted, what will be the effect on net income?

a. $4,000 increase

b. $4,000 decrease

c. $6,000 decrease

d. $30,000 increase

 

Adler Company manufactures a product with a unit variable cost of $50 and a unit sales

price of $88. Fixed manufacturing costs were $240,000 when 10,000 units were produced

and sold. The company has a one-time opportunity to sell an additional 1,000 units at $70

each in a foreign market which would not affect its present sales. If the company has

sufficient capacity to produce the additional units, acceptance of the special order would

affect net income as follows:

a. Income would decrease by $4,000.

b. Income would increase by $4,000.

c. Income would increase by $70,000.

d. Income would increase by $20,000.

 

55. In incremental analysis,

a. costs are not relevant if they change between alternatives.

b. all costs are relevant if they change between alternatives.

c. only fixed costs are relevant.

d. only variable costs are relevant

PHIL 201 QUIZ 8 LIBERTY UNIVERSITY COMPLETE ANSWERS DIFFERENT VERSIONS(2017/18)

PHIL 201 quiz 8 Liberty University complete answers different versions
Question 1 What is one of the two alternatives to the consequentialist response to moral dilemmas of trying to minimize the bad and maximize the good, do deontologists provide?

Question 2 _______________ varies significantly from person to person and culture to culture, seeming to depend on moral training and cultural conditioning.

Question 3 Holmes arguments in favor of a natural law approach to Christian Ethics include:

Question 4 How do justice and love contribute to each other?

Question 5 Which of the following is not an examples of a moral dilemma?

Question 6 Holmes states that diversity of virtues of different traditions are relative and therefore ultimately cannot support the idea of a virtue ethic based upon common humanity and objective facts that lie beneath all local traditions.

Question 7 “A virtue ethic based on our ________________ is therefore about objective facts that lie beneath all local traditions.”

Question 8 How do virtues relate to God:

Question 9 Which of the following is not one of Thomas Aquinas’ theological virtues?

Question 10 Which of the following is not one of Plato’s four cardinal virtues:

Question 11 Which best explains the step from psychological fact to ethical ought:

Question 12 Utilitarianism is concerned with consequences, but seemingly ignores moral integrity, which is concerned with motives and actions:

Question 13 Which of the following is NOT a question regarding the conflict between distributive justice and equal rights?

Question 14 Ethical egoism seeks a social order where conflicting self­interests can be brought together in a peaceable and orderly way.

Question 15 What process did Jeremy Bentham propose to quantify pleasure versus pain with regards to which action one should take:

Question 16 Pragmatic means:

Question 17 That which has value in and of itself:

Question 18 According to deontology, what justifies the means:

Question 19 Some deontologists equate the right with the good.

Question 20 The goal of consequentialism is:

Question 1

If love is regarded as a _________________ principle, then it needs to ground the principle of _________________ on more than simply utility.

Question 2

Which of the following is not an examples of a moral dilemma?

Question 3

A good will excludes willing something either because of its desirable consequences or because of our own inclinations. Who argued this position?

Question 4

A Christian ruleethic will by definition hide the weightier matters of the law, the underlying principles of love and justice beneath a load of particular behavioral requirements.

Question 5

Holmes arguments in favor of a natural law approach to Christian Ethics include:

Question 6

Which one of the below is NOT what Eudaimonia means:

Question 7

“A virtue ethic based on our ________________ is therefore about objective facts that lie beneath all local traditions.”

Question 8

Aristotle saw virtues as habits of mind that can be cultivated by deliberation about the choices we constantly make and the ends or goals we desire.

Question 9

Aristotle says that we stand out from other animals as rational beings, and so our highest end must be a complete and active life in accordance with reason.

Question 10

Which of the following is NOT a way virtues affect moral decision making?

Question 11

Utilitarianism is concerned with consequences, but seemingly ignores moral integrity, which is concerned with motives and actions:

Question 12

Which of the following is NOT an example of hypothetical imperatives?

Question 13

A person wants to attend seminary to become more knowledgeable about the Scriptures and theology than others while earning a prestigious graduate degree. But this person also wants to become a pastor and be able to serve others with their education. Which philosopher would be most supportive of this desire?

Question 14

The fact that we cannot logically derive ethical conclusions from merely empirical observations is called:

Question 15

Which of these is NOT one of Holmes’ conclusions concerning ethical egoism?

Question 16

Consequentialism is not interested in keeping rules at all.

Question 17

Which view is rule oriented:

Question 18

The view that says the goal of ethics is doing the right:

Question 19

According to deontology, what justifies the means:

Question 20

That which has value in and of itself:

·         Question 1

3 out of 3 points
Which of these is not one of Holmes’ aspects of moral reasoning for Christians?
·         Question 2

3 out of 3 points
In the Biblical sense, agape love is defined as:
·         Question 3

3 out of 3 points
Holmes believes that the Bible comes closer to intuitionism than to natural-law theories.
·         Question 4

3 out of 3 points

Which ethic presupposes that no universal and lasting structures to human life exist:
·         Question 5

3 out of 3 points
The Enlightenment period developed a far more ___________ psychology in which a clear and distinct understanding has the power to overrule and subdue our _________________.
·         Question 6

3 out of 3 points
Which of the following is not one of Thomas Aquinas’ theological virtues?
·         Question 7

3 out of 3 points

The ethical approach that seeks to maximize the benefits to the most people is:
·         Question 8

3 out of 3 points
Which of the following is not a reason Utilitarianism is the most popular ethical theory?

·         Question 9
I will donate one hundred dollars to my church because it makes me feel good and others will be grateful for what I did. This is an example of:
·         Question 10

3 out of 3 points

What principal does Utilitarianism lack?
·         Question 11

3 out of 3 point
Which of the following is NOT an example of hypothetical imperatives?

·         Question 12

3 out of 3 points
Consequentialism is not interested in keeping rules at all.
·         Question 13

3 out of 3 point
Which view is rule oriented:
·         Question 14

3 out of 3 point
According to deontology, what justifies the means:
·         Question 15

3 out of 3 points

Some deontologists equate the right with the good.
·         Question 16

3 out of 3 points
Deontology would include which of the following ideas:
Question 1 Which of the following is not an examples of a moral dilemma?

Question 2 Holmes believes that the Bible comes closer to intuitionism than to natural­law theories.

Question 3 Holmes arguments in favor of a natural law approach to Christian Ethics include:

Question 4 Which of these is not one of Holmes’ aspects of moral reasoning for Christians?

Question 5 _______________ provide an objective, as opposed to a subjective, basis for moral knowledge.

Question 6 Which of the following is NOT a way virtues affect moral decision making?

Question 7 According to Aristotle, the less virtuous are simply weak­willed people who act out of ignorance and need education.

Question 8 Which of the following is not one of Plato’s four cardinal virtues:

Question 9 What did Thomas Aquinas say is needed along with habituation of the virtues:

Question 10 What does Aristotle call the ability to choose what is right in the face of morally wrong options or temptation?

Question 11 Utilitarianism is concerned with consequences, but seemingly ignores moral integrity, which is concerned with motives and actions:

Question 12 Which of these is NOT one of Holmes’ conclusions concerning ethical egoism?

Question 13 Which of the following is NOT a question regarding the conflict between distributive justice and equal rights?

Question 14 What is the problem with regards to individual egoism retreating into universal egoism?

Question 15 Which is NOT a problem with psychological egoism that Holmes points out:

Question 16 According to deontology, what justifies the means:

Question 17 Deontology would include which of the following ideas:

Question 18 Some deontologists equate the right with the good.

Question 19 The goal of consequentialism is:

Question 20 That which has value in and of itself:

Question 1

In the Biblical sense, agape love is defined as:

Question 2

Holmes believes that the Bible comes closer to intuitionism than to natural‑law theories.

Question 3

A Christian rule‑ethic will by definition hide the weightier matters of the law, the underlying principles of love and justice beneath a load of particular behavioral requirements.

Question 4

Which of these is not one of Holmes’ aspects of moral reasoning for Christians?

Question 5

How do justice and love contribute to each other?

Question 6

“A virtue ethic based on our ________________ is therefore about objective facts that lie beneath all local traditions.”

Question 7

Aristotle saw virtues as habits of mind that can be cultivated by deliberation about the choices we constantly make and the ends or goals we desire.

Question 8

According to Aristotle, the less virtuous are simply weak‑willed people who act out of ignorance and need education.

Question 9

What did Thomas Aquinas say is needed along with habituation of the virtues:

Question 10

Which of the following is NOT a way virtues affect moral decision making?

Question 11

The fact that we cannot logically derive ethical conclusions from merely empirical observations is called:

Question 12

What principal does Utilitarianism lack?

Question 13

What is the problem with regards to individual egoism retreating into universal egoism?

Question 14

Which of these is NOT one of Holmes’ conclusions concerning ethical egoism?

Question 15

What process did Jeremy Bentham propose to quantify pleasure versus pain with regards to which action one should take:

Question 16

Deontology would include which of the following ideas:

Question 17

Some deontologists equate the right with the good.

Question 18

The view that says the goal of ethics is doing the right:

Question 19

That which has value in and of itself:

Question 20

The goal of consequentialism is:

Question 1 What is the highest end for Christians?

Question 2 Which of the following is NOT on the four ingredients in an ethical theory?

Question 3 If love is regarded as a _________________ principle, then it needs to ground the principle of _________________ on more than simply utility.

Question 4 Which of the following is not a problem with regards to Common Morality?

Question 5 The Ten Commandments are an example of:

Question 6 What does Aristotle call the ability to choose what is right in the face of morally wrong options or temptation?

Question 7 The Enlightenment period developed a far more ___________ psychology in which a clear and distinct understanding has the power to overrule and subdue our _________________.

Question 8 What did Thomas Aquinas say is needed along with habituation of the virtues:

Question 9 Which of the following is NOT a way virtues affect moral decision making?

Question 10 Stanley Hauerwas has stressed the crucial role of Christian ____________ in moral formation.

Question 11 The fact that we cannot logically derive ethical conclusions from merely empirical observations is called:

Question 12 What process did Jeremy Bentham propose to quantify pleasure versus pain with regards to which action one should take:

Question 13 Which is NOT a problem with psychological egoism that Holmes points out:

Question 14 Which of these is NOT one of Holmes’ conclusions concerning ethical egoism?

Question 15 I will donate one hundred dollars to my church because it makes me feel good and others will be grateful for what I did. This is an example of:

Question 16 Which view is rule oriented:

Question 17 The view that says the goal of ethics is doing the right:

Question 18 The goal of consequentialism is:

Question 19 Deontology is only interested in keeping rules and does not care about results.

Question 20 Some deontologists equate the right with the good.

Question 1

Which of the following is not a problem with regards to Common Morality?

Question 2

What is one of the two alternatives to the consequentialist response to moral dilemmas of trying to minimize the bad and maximize the good, do deontologists provide?

Question 3

What type of indicators should we look for to determine what is inherent and essential?

Question 4

Which of the following is a formulation of Kant’s categorical imperative?

Question 5

Which ethic presupposes that no universal and lasting structures to human life exist:

Question 6

According to Aristotle, the less virtuous are simply weakwilled people who act out of ignorance and need education.

Question 7

What did Thomas Aquinas say is needed along with habituation of the virtues:

Question 8

Holmes states that diversity of virtues of different traditions are relative and therefore ultimately cannot support the idea of a virtue ethic based upon common humanity and objective facts that lie beneath all local traditions.

Question 9

The moral life finds inspiration and direction in a vision of _________ that makes a person’s virtues and his whole life story part of a particular moral tradition.

Question 10

Which of the following is not one of Alasdair MacIntyre’s objections to the concept of “moral science?”

Question 11

Which of the following is NOT a question regarding the conflict between distributive justice and equal rights?

Question 12

What is the problem with regards to individual egoism retreating into universal egoism?

Question 13

Utilitarianism is concerned with consequences, but seemingly ignores moral integrity, which is concerned with motives and actions:

Question 14

The hedonic paradox is the idea that what we believe may be a frustrating endeavor ends up resulting in a pleasurable pursuit.

Question 15

Which best explains the step from psychological fact to ethical ought:

Question 16

Consequentialism is not interested in keeping rules at all.

Question 17

Which view is rule oriented:

Question 18

That which has value in and of itself:

Question 19

The goal of consequentialism is:

Question 20

Deontology would include which of the following ideas:

Question 1 What is one of the two alternatives to the consequentialist response to moral dilemmas of trying to minimize the bad and maximize the good, do deontologists provide?

Question 2 Which ethic presupposes that no universal and lasting structures to human life exist:

Question 3 If love is regarded as a _________________ principle, then it needs to ground the principle of _________________ on more than simply utility.

Question 4 Which of these is not one of Holmes’ aspects of moral reasoning for Christians?

Question 5 What is the highest end for Christians?

Question 6 Which of these is not an example of how Aristotle viewed virtues as relative to excess and deficiency?

Question 7 Which one of the below is NOT what Eudaimonia means:

Question 8 Which of the following is not one of Plato’s four cardinal virtues:

Question 9 Stanley Hauerwas has stressed the crucial role of Christian ____________ in moral formation.

Question 10 According to Aristotle, the less virtuous are simply weak­willed people who act out of ignorance and need education.

Question 11 Ethical egoism seeks a social order where conflicting self­interests can be brought together in a peaceable and orderly way.

Question 12 The fact that we cannot logically derive ethical conclusions from merely empirical observations is called:

Question 13 A person wants to attend seminary to become more knowledgeable about the Scriptures and theology than others while earning a prestigious graduate degree. But this person also wants to become a pastor and be able to serve others with their education. Which philosopher would be most supportive of this desire?

Question 14 Holmes states that a non­consequential decision is needed as to the _______ of consequence we are to seek.

Question 15 What process did Jeremy Bentham propose to quantify pleasure versus pain with regards to which action one should take:

Question 16 Pragmatic means:

Question 17 Some deontologists equate the right with the good.

Question 18 That which has value in and of itself:

Question 19 According to deontology, what justifies the means:

Question 20 Consequentialism is not interested in keeping rules at all.