Question 1

A balanced scorecard

Accepted Answer

A) records the variances between budgeted and actual revenues and expenses. 
B) can be used at multiple organizational levels by redefining the categories and measurements. 
C) is most concerned with organizational financial solvency and business processes. 
D) all of the above. 
A) records the variances between budgeted and actual revenues and expenses. 
B) can be used at multiple organizational levels by redefining the categories and measurements. 
C) is most concerned with organizational financial solvency and business processes. 
D) all of the above.

Question 2

Moore Company One of the products manufactured by Moore Company is a plastic tray.The information below relates to the Tray Production Department:
  Refer to Moore Company.What is the process quality yield in the Tray Production Department?

Accepted Answer

A) 75% 
B) 44% 
C) 80% 
D) 125% 
A) 75% 
B) 44% 
C) 80% 
D) 125%

Question 3

What distinct advantage does a return on investment measure have over a residual income measure? Explain.

Accepted Answer

The advantage of ROI measure over RI is

Question 4

Residual income is used as a performance measure in

Accepted Answer

A) profit centers. 
B) cost centers. 
C) investment centers. 
D) revenue centers. 
A) profit centers. 
B) cost centers. 
C) investment centers. 
D) revenue centers.

Question 5

What items affect comparability of different divisions within the same company on the basis of EVA,ROI and RI?

Accepted Answer

The answer of What items affect comparability of different divisions...

Question 6

On a balanced scorecard,which of the following would be most appropriate to measure production process integrity?

Accepted Answer

A) Rapid time-to-market of new products 
B) Corporate financial profits 
C) Low employee turnover 
D) Decrease in reworked products 
A) Rapid time-to-market of new products 
B) Corporate financial profits 
C) Low employee turnover 
D) Decrease in reworked products

Question 7

If sales and expenses both rise by $100,000,profit margin will

Accepted Answer

A) decrease and asset turnover will decrease. 
B) increase and asset turnover will decrease. 
C) decrease and asset turnover will increase. 
D) increase and asset turnover will increase. 
A) decrease and asset turnover will decrease. 
B) increase and asset turnover will decrease. 
C) decrease and asset turnover will increase. 
D) increase and asset turnover will increase.

Question 8

The Statement of Cash Flows indicates the cash inflows and outflows from

Accepted Answer

A) investing,financing,and borrowing activities. 
B) operating,investing,and sending activities. 
C) merchandising,financing,and investing activities. 
D) operating,investing,and financing activities. 
A) investing,financing,and borrowing activities. 
B) operating,investing,and sending activities. 
C) merchandising,financing,and investing activities. 
D) operating,investing,and financing activities.

Question 9

Which of the following pay plans encourages the improvement of the overall company's well-being?

Accepted Answer

A) monthly salary 
B) cafeteria plan 
C) profit sharing 
D) pensions 
A) monthly salary 
B) cafeteria plan 
C) profit sharing 
D) pensions

Question 10

In a balanced scorecard,measurements should be directly linked to

Accepted Answer

A) organizational strategy and values. 
B) the cost management system. 
C) current organizational profitability. 
D) activity-based management concepts. 
A) organizational strategy and values. 
B) the cost management system. 
C) current organizational profitability. 
D) activity-based management concepts.

Question 11

Asset turnover equals

Accepted Answer

A) income divided by average assets. 
B) sales divided by assets. 
C) sales divided by average assets. 
D) assets divided by sales. 
A) income divided by average assets. 
B) sales divided by assets. 
C) sales divided by average assets. 
D) assets divided by sales.

Question 12

Information for two divisions of Precision Paper Company is given below:

Accepted Answer

The answer of Information for two divisions of Precision Paper...

Question 13

Total units produced during the period divided by the value-added processing time is referred to as process productivity.

Accepted Answer

A) True 
 B)False

Question 14

What are some of the major problems associated with accrual-based accounting performance measures?

Accepted Answer

There are two major problems with accrua

Question 15

Oil Division
The Oil Division is one of the operating units of Automotive Solutions,Inc.The following operating data of the division is presented below:
   Refer to the Oil Division.What was the segment income of the Oil Division for the year?

Accepted Answer

Segment income = Pro

Question 16

Electronic Telephone Systems (ETS),a division of Steelman Corporation buys and installs modular office components.For the most recent year,the division had the following performance targets:
   Actual information concerning the company's performance for last year follows:
   Required:

Accepted Answer

@#IMG-DLM& Average assets = ($3,600,000 + $5,300,0

Question 17

Cultural differences between countries may make performance evaluation in multinational settings more difficult.

Accepted Answer

A) True 
 B)False

Question 18

Moore Company One of the products manufactured by Moore Company is a plastic tray.The information below relates to the Tray Production Department:
  Refer to Moore Company.What is the throughput per hour in the Tray Production Department?

Accepted Answer

A) 470 units 
B) 500 units 
C) 625 units 
D) 667 units 
A) 470 units 
B) 500 units 
C) 625 units 
D) 667 units

Question 19

A pay plan that gives an employee cash or stock equal to the difference between some specified stock price and the quoted market price at some future time period is

Accepted Answer

A) stock appreciation rights. 
B) an ESOP. 
C) profit sharing. 
D) merit pay. 
A) stock appreciation rights. 
B) an ESOP. 
C) profit sharing. 
D) merit pay.

Question 20

The segment margin of a profit or investment center includes allocated common costs.

Accepted Answer

A) True 
 B)False

A balanced scorecard

Moore Company One of the products manufactured by Moore Company is a plastic tray.The information below relates to the Tray Production Department: Refer to Moore Company.What is the process quality yield in the Tray Production Department?

What distinct advantage does a return on investment measure have over a residual income measure? Explain.

Residual income is used as a performance measure in

What items affect comparability of different divisions within the same company on the basis of EVA,ROI and RI?

On a balanced scorecard,which of the following would be most appropriate to measure production process integrity?

If sales and expenses both rise by $100,000,profit margin will

The Statement of Cash Flows indicates the cash inflows and outflows from

Which of the following pay plans encourages the improvement of the overall company's well-being?

In a balanced scorecard,measurements should be directly linked to

Asset turnover equals

Information for two divisions of Precision Paper Company is given below:

Total units produced during the period divided by the value-added processing time is referred to as process productivity.

What are some of the major problems associated with accrual-based accounting performance measures?

Oil Division The Oil Division is one of the operating units of Automotive Solutions,Inc.The following operating data of the division is presented below: Refer to the Oil Division.What was the segment income of the Oil Division for the year?

Electronic Telephone Systems (ETS),a division of Steelman Corporation buys and installs modular office components.For the most recent year,the division had the following performance targets: Actual information concerning the company's performance for last year follows: Required:

Cultural differences between countries may make performance evaluation in multinational settings more difficult.

Moore Company One of the products manufactured by Moore Company is a plastic tray.The information below relates to the Tray Production Department: Refer to Moore Company.What is the throughput per hour in the Tray Production Department?

A pay plan that gives an employee cash or stock equal to the difference between some specified stock price and the quoted market price at some future time period is

The segment margin of a profit or investment center includes allocated common costs.

Introduction to Cost Accounting

Cost Terminology and Cost Behaviors

Predetermined Overhead Rates, flexible Budgets, and Absorptionvariable Costing

Activity-Based Management and Activity-Based Costing

Job Order Costing

Process Costing

Standard Costing and Variance Analysis

The Master Budget

Break-Even Point and Cost-Volume-Profit Analysis

Relevant Information for Decision Making

Allocation of Joint Costs and Accounting for By-Products

Introduction to Cost Management Systems

Responsibility Accounting, support Department Allocations, and Transfer Pricing

Capital Budgeting

Managing Costs and Uncertainty

Implementing Quality Concepts

Inventory and Production Management

Emerging Management Practices

Filters

Exam 14: Performance Measurement, balanced Scorecards, and Performance Rewards

A balanced scorecard

Moore Company One of the products manufactured by Moore Company is a plastic tray.The information below relates to the Tray Production Department: Refer to Moore Company.What is the process quality yield in the Tray Production Department?

What distinct advantage does a return on investment measure have over a residual income measure? Explain.

Residual income is used as a performance measure in

What items affect comparability of different divisions within the same company on the basis of EVA,ROI and RI?

On a balanced scorecard,which of the following would be most appropriate to measure production process integrity?

If sales and expenses both rise by $100,000,profit margin will

The Statement of Cash Flows indicates the cash inflows and outflows from

Which of the following pay plans encourages the improvement of the overall company's well-being?

In a balanced scorecard,measurements should be directly linked to

Asset turnover equals

Information for two divisions of Precision Paper Company is given below:

Total units produced during the period divided by the value-added processing time is referred to as process productivity.

What are some of the major problems associated with accrual-based accounting performance measures?

Oil Division The Oil Division is one of the operating units of Automotive Solutions,Inc.The following operating data of the division is presented below: Refer to the Oil Division.What was the segment income of the Oil Division for the year?

Electronic Telephone Systems (ETS),a division of Steelman Corporation buys and installs modular office components.For the most recent year,the division had the following performance targets: Actual information concerning the company's performance for last year follows: Required:

Cultural differences between countries may make performance evaluation in multinational settings more difficult.

Moore Company One of the products manufactured by Moore Company is a plastic tray.The information below relates to the Tray Production Department: Refer to Moore Company.What is the throughput per hour in the Tray Production Department?

A pay plan that gives an employee cash or stock equal to the difference between some specified stock price and the quoted market price at some future time period is

The segment margin of a profit or investment center includes allocated common costs.

Introduction to Cost Accounting

Cost Terminology and Cost Behaviors

Predetermined Overhead Rates, flexible Budgets, and Absorptionvariable Costing

Activity-Based Management and Activity-Based Costing

Job Order Costing

Process Costing

Standard Costing and Variance Analysis

The Master Budget

Break-Even Point and Cost-Volume-Profit Analysis

Relevant Information for Decision Making

Allocation of Joint Costs and Accounting for By-Products

Introduction to Cost Management Systems

Responsibility Accounting, support Department Allocations, and Transfer Pricing

Capital Budgeting

Managing Costs and Uncertainty

Implementing Quality Concepts

Inventory and Production Management

Emerging Management Practices

Filters