...creates something for which the customer is willing to pay. B. Accounting systems are important because they provide all the information for decisions commonly made by managers. CThe supply or distribution chain is a linked set of organizations that exchange goods and services in . combination to provide a final product or service to the customer. D. Eliminating nonvalue-added activities always reduces costs without affecting the value of the product to customers. 32. Managers do not make decisions about future events based on: A. Perfect information. B. Estimated information. C. Actual information. D. Financial information. 33. Which of the following is a nonvalue-added activity? A. Product design B. Customer service C. Research and development D. Rework of defective items 34. (CMA adapted) An accounting system that collects financial and operating data on the basis of the underlying nature and extent of cost drivers is A. full-absorption costing. B. activity-based costing. C. variable costing. D. benchmarking. 35. (CMA adapted) Cost drivers are A. activities that cause costs to increase as the activity increases. B. accounting techniques and practices used to control costs. C. accounting reimbursements used to evaluate whether performance is proceeding according to plan. D. a mechanical basis, such as machine hours, computer time, or factory square footage, used to assign...
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