A Proper Role for Accounting in Terms of Managing and Controlling

question 20

Multiple Choice

A proper role for accounting in terms of managing and controlling quality is all of the following except:

• A)Providing management with relevant financial information for decisions related to quality-oriented initiatives.
• B)Providing management with relevant nonfinancial information for decisions related to quality-related initiatives.
• C)Specifying quality-related goals and objectives for the organization.
• D)Indentifying operational constraints.
• E)Participating in the development of Six Sigma quality-related goals.

Assess the effects of changes in periods of receivables, inventory, and payables on the cash cycle.

Calculate the operating cycle and its components in various business scenarios.

Understand and calculate the accounts payable period.

Evaluate and interpret the cash cycle in different operational changes and conditions.

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Definitions:

Confederate Draft

The system of conscription used by the Confederate States of America during the American Civil War to enlist soldiers into its army.

Union Draft

The system used during the American Civil War by the Union government to recruit soldiers into the military service through compulsory enrollment.

Hiring of Substitutes

The practice, particularly noted during the Civil War, where individuals who were drafted would pay others to serve in their place in the military.

Southern Offensive Operations

Military strategies or campaigns initiated by forces in the Southern part of a region or country, often referring to actions during wartime.