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Framework for Management Accounting MC solution

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

Framework Main Page | Framework Discussion Questions | Graduate MA Course

(Note: Some of these questions are from the extra MC questions for MAAW's Book Chapter 1)

1. Which of the statements below is true with regard to the difference between communitarian capitalism and individualistic capitalism?

c. An individualistic system emphasizes competition at all levels as the key to optimizing performance, while a communitarian system places a greater emphasis on cooperation at all levels to optimize performance.

2. Which of the following statements is true?

e. a and c.

3. Which of the following is (are) applicable to an economic system based on communitarian capitalism?

c. The hierarchy of an organization's constituencies is: employees 1st, customers 2nd, and stockholders 3rd.

4. Companies that embrace the concepts and beliefs of communitarian capitalism tend to emphasize

a. long run performance, cooperation and cross training workers.

5. Companies that embrace the concepts and beliefs of individualistic capitalism tend to emphasize

d. Short run performance, stockholder interests and specialized workers.

6. Which of the following is (are) applicable to an economic system based on individualistic capitalism?

e. a and c.

7. Which of the following groups of assumptions is consistent with the communitarian or collectivist type management view?

d. Educated workforce, bottom up empowered workers, group incentives.

8. The key difference between socialism and capitalism is the emphasis placed on

d. the profit motive.

9. Individualistic capitalism is more closely associated with which of the following?

d. mixed state related & private enterprise capitalism.

10. Communitarian capitalism is more closely associated with which of the following?

d. mixed state related & private enterprise capitalism.

11. McGregor described two very different management theories referred to as Theory X and Theory Y. Which of the following statements is consistent with the two types of capitalism described in Chapter 1 and McGregor's description of these theories?

c. Communitarian capitalism is more closely associated with the Theory Y management attitude towards individual employees.

12. Which of the following statements is consistent with the two types of capitalism described in Chapter 1 and McGregor's description of Theory X and Theory Y?

b. Individualistic capitalism is more closely associated with the Theory X management attitude towards groups of employees.

13. Which of the blocks in the grid would most closely fit a company embracing the concepts associated with McGregor's description of Theory X?

e. 9,1

14. Which of the blocks in the grid would most closely fit a company embracing the concepts associated with McGregor's description of Theory Y?

c. 9,9

15. Which of the blocks in the grid would most closely fit a company embracing the concepts associated with individualistic capitalism?

e. 9,1

16. Which of the blocks in the grid would most closely fit a company embracing the concepts associated with communitarian capitalism?

c. 9,9

17. Ouchi described three control mechanisms including the market, bureaucracy, and clan. Which of the statements below is more accurate.

c. A company embracing the concepts associated with communitarian capitalism would tend to use the clan control mechanism.

18. Ouchi and Jaeger discussed seven dimensions related to type A (American), J (Japanese), and Z (Modified American) organizations. Which type (or types) of organization(s) is (are) characterized by lifetime employment with very low employee turnover?

c. Type Z

19. Referring to the Ouchi and Jaeger organizational types again, which type (or types) of organization(s) is (are) characterized by individual responsibility rather than collective responsibility?

d. a and c

20. Referring to the Ouchi and Jaeger organizational types again, which type (or types) of organization(s) is (are) characterized by specialized career paths ?

d. a and c

21. Referring to the Ouchi and Jaeger organizational types again, which type (or types) of organization(s) is (are) characterized by a holistic concern for employees?

e. b and c

22. Referring to the Ouchi and Jaeger organizational types again, which type (or types) of organization(s) has (or have) the characteristics completely consistent with communitarian capitalism?

b. Type J

Framework MC Questions