807468
Description
Quiz by turquoise_cat, updated more than 1 year ago
|
Created by turquoise_cat
almost 10 years ago
|
|
Question 1
Question
All of the following are objectives of activity-based cost (ABC) accounting in government except
Answer
-
To preserve, at a minimum, the present quality and availability of services.
-
To help find lower cost alternatives to providing services.
-
To link customer (taxpayer) satisfaction to improvements in the operating systems used to provide goods and services.
-
To make increases in the volume of services dependent on reducing costs.
Question 2
Question
Which of the following has contributed most to governments' increased interest in activity-based accounting?
Answer
-
GASB standards.
-
Implementation of innovative management approaches (such as TQM and SEA measures) in response to public demand for greater accountability and productivity.
-
Increased demand for high profile management tools to bolster the image of government.
-
The Single Audit Act of 1984 (and 1996 Amendments).
Question 3
Question
Balanced scorecards integrate all of the following into a document that can be shared with employees and stakeholders except
Answer
-
GASB financial reporting standards.
-
Internal business processes measures.
-
Nonfinancial measures, such as customer satisfaction.
-
Financial performance measures.
Question 4
Question
Which of the following kinds of cost accounting would be least useful for governmental budgeting?
Answer
-
Process.
-
Job order.
-
Standard.
-
Variable.
Question 5
Question
Which of the following costs incurred by a city for a federal grant program would likely be considered unallowable under OMB Circular A-87?
Answer
-
Depreciation expense on equipment.
-
The salary of the person administering the grant.
-
Salary expense of the mayor.
-
Advertising for a secretary to help the program administrator.
Question 6
Question
Which of the following costs would be allowable under OMB Circular A-87?
Answer
-
Advertising on the Internet by a defense contractor.
-
Lobbying for continuation of an educational program by the school administrator.
-
Indirect costs of the state legislature.
-
Depreciation expense on the equipment used in a federal research grant.
Question 7
Question
State and local governments and not-for-profit organizations that receive grants or contracts from the federal government should charge costs of these grants or contracts in conformity with
Answer
-
Cost Accounting Standards Board standards.
-
Office of Management and Budget cost circulars.
-
Financial Accounting Standards Board standards.
-
Governmental Accounting Standards Board standards.
Question 8
Question
Which basis of accounting best contributes to measuring the cost of services for rational budgeting purposes?
Answer
-
Accrual.
-
Modified cash.
-
Modified accrual.
-
Cash.
Question 9
Question
Which of the following might appropriately be termed an outcome indicator for a police department that reports service efforts and accomplishments (SEA) indicators?
Answer
-
Number of crimes investigated.
-
Value of property lost due to crime.
-
Hours of patrol.
-
Number of personnel hours expended.
Question 10
Question
Which of the following is not an element of a typical governmental total quality management (TQM) structure?
Answer
-
Customer orientation.
-
Support and commitment of top-level officials.
-
Strong central control over personnel classifications, budget allocations, and procurement.
-
Reduction of barriers to productivity and quality improvement.
Want to create your own Quizzes for free with GoConqr? Learn more.