Management And Accounting Web

CAM-I MC Solution

Provided by James R. Martin, Ph.D., CMA
Professor Emeritus, University of South Florida

CAM-I Main Page | CAM-I Discussion Questions | Graduate Management Accounting Course

1. As the term is used by CAM-I, proactive CMS means that accountants place more emphasis on

d. b and c.

2. Which of the following trends support the need for the CAM-I CMS program?

e. a., b. and c.

3. As defined by CAM-I, which of the following represents value added costs?

b. Materials processing.

4. From the CMS perspective, the main implication of a "lights out factory" is that

c. a greater proportion of costs become indirect.

5. According to CAM-I, traditional cost accounting places emphasis on cost. CMS on the other hand, places emphasis on

e. all of the above.

6. Imputed costs were, or are recognized in

e. a. and c.

7. According the CAM-I CMS design, depreciation on equipment should be

c. traced directly to products based on machine time or cycle time.

8. The CAM-I CMS objectives are stated in absolute terms. This conflicts with the concept of

b. constrained optimization.

9. CAM-I refers to target cost as

c. market driven.

10. Traditional manufacturing focused on which type of strategy?

c. cost minimization.

11. The CAM-I CMS approach treats technology costs as

c. a separate cost pool.

12. Which of the measurements below would not be supported by CAM-I?

d. a and b.

13. According to CAM-I automation should follow which sequence below?

b. Traditional manufacturing, process simplification, islands of automation, computer integrated manufacturing, optimized manufacturing.

14. Lead time includes

e. all of the above.

15. Value added activity includes

a. process time.

16. Strategies for implementing CAM-I CMS program include: revolutionary, evolutionary, and green field. Which of the following descriptions describes the green field strategy?

c. A pilot company is started based on the new model.

17. Which of the following is a key measurement in the CAM-I CMS program?

d. manufacturing cycle efficiency.

18. According to the CAM-I conceptual design, which of the following measurements causes excess inventory?

e. all of the above.

19. Which of the concepts or techniques below promotes a push rather than pull mentality?

c. standard cost.

20. Robin Cooper has been critical of the term non-value added activities. He prefers to use the terms

d. essential and non-essential activities.

21. Which of the following concepts or techniques is not emphasized in the CAM-I conceptual design?

a. capital budgeting.

22. According to CAM-I, cost management systems should be designed around

b. main activities.

23. Which of the items below do not represent cost objects?

e. none of the above.

24. Homogeneous activities are defined as

b. activities that have the same driver.

25. According to the CAM-I conceptual design, which of the following should be deemphasized?

e. all of the above.

CAM-I MC Questions