807468
Description
Quiz by turquoise_cat, updated more than 1 year ago
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Created by turquoise_cat
over 10 years ago
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Question 1
Question
All of the following are objectives of activity-based cost (ABC) accounting in government except
Answer
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To preserve, at a minimum, the present quality and availability of services.
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To help find lower cost alternatives to providing services.
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To link customer (taxpayer) satisfaction to improvements in the operating systems used to provide goods and services.
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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
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GASB standards.
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Implementation of innovative management approaches (such as TQM and SEA measures) in response to public demand for greater accountability and productivity.
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Increased demand for high profile management tools to bolster the image of government.
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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
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GASB financial reporting standards.
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Internal business processes measures.
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Nonfinancial measures, such as customer satisfaction.
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Financial performance measures.
Question 4
Question
Which of the following kinds of cost accounting would be least useful for governmental budgeting?
Answer
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Process.
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Job order.
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Standard.
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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
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Depreciation expense on equipment.
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The salary of the person administering the grant.
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Salary expense of the mayor.
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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
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Advertising on the Internet by a defense contractor.
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Lobbying for continuation of an educational program by the school administrator.
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Indirect costs of the state legislature.
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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
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Cost Accounting Standards Board standards.
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Office of Management and Budget cost circulars.
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Financial Accounting Standards Board standards.
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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
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Accrual.
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Modified cash.
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Modified accrual.
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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
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Number of crimes investigated.
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Value of property lost due to crime.
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Hours of patrol.
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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
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Customer orientation.
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Support and commitment of top-level officials.
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Strong central control over personnel classifications, budget allocations, and procurement.
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Reduction of barriers to productivity and quality improvement.
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