Question 1

The ratio of sales to assets is referred to as ______________________________.

Accepted Answer

The answer of The ratio of sales to assets is...

Question 2

Improved effectiveness and efficiency of a product is considered a ____ performance measurement?

Accepted Answer

A)  subjective 
B)  financial 
C)  quantitative 
D)  qualitative 
A)  subjective 
B)  financial 
C)  quantitative 
D)  qualitative

Question 3

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 4

The balanced scorecard approach complements measures of past performance with measures of the drivers of future performance.

Accepted Answer

A) True 
 B)False

Question 5

On a balanced scorecard, which of the following would be most appropriate to measure financial performance?

Accepted Answer

A)  Market share 
B)  Customer retention 
C)  Percentage of sales from new products 
D)  Investment in intellectual capital 
A)  Market share 
B)  Customer retention 
C)  Percentage of sales from new products 
D)  Investment in intellectual capital

Question 6

Broncho Sports Enterprises The Football Division of Broncho Sports Enterprises reported the following financial data for the year:
  Refer to Broncho Sports Enterprises. If the manager of the Football Division is evaluated based on return on investment, how much would she be willing to pay for an investment that promises to increase net segment income by $60,000?

Accepted Answer

A)  $ 108,000 
B)  $ 300,000 
C)  $ 428,572 
D)  $1,200,000 
A)  $ 108,000 
B)  $ 300,000 
C)  $ 428,572 
D)  $1,200,000

Question 7

In the Du Pont model, profit margin is a ratio of

Accepted Answer

A)  income to sales. 
B)  income to assets. 
C)  sales to income. 
D)  sales to assets. 
A)  income to sales. 
B)  income to assets. 
C)  sales to income. 
D)  sales to assets.

Question 8

Performance measures that reflect an organization's ability to satisfy customers better than rival firms do are referred to as ____________________ measures.

Accepted Answer

The answer of Performance measures that reflect an organization's ability...

Question 9

Piece rate pay

Accepted Answer

A)  is a suitable pay plan for workers engaged in repetitive and complex tasks. 
B)  involves a salary plus pay for each unit produced or carried out. 
C)  encourages quality output. 
D)  does not encourage workers to look at the company's well being. 
A)  is a suitable pay plan for workers engaged in repetitive and complex tasks. 
B)  involves a salary plus pay for each unit produced or carried out. 
C)  encourages quality output. 
D)  does not encourage workers to look at the company's well being.

Question 10

An organization typically develops a values statement before developing a mission statement.

Accepted Answer

A) True 
 B)False

Question 11

Return on investment (ROI) is a term most often used to express income earned on assets invested in a business unit. A company's return on investment would increase if sales

Accepted Answer

A)  increased by the same dollar amount as expenses and total assets increased. 
B)  remained the same and expenses were reduced by the same dollar amount that total assets increased. 
C)  decreased by the same dollar amount that expenses increased. 
D)  and expenses increased by the same percentage that total assets increased. 
A)  increased by the same dollar amount as expenses and total assets increased. 
B)  remained the same and expenses were reduced by the same dollar amount that total assets increased. 
C)  decreased by the same dollar amount that expenses increased. 
D)  and expenses increased by the same percentage that total assets increased.

The ratio of sales to assets is referred to as ______________________________.

Improved effectiveness and efficiency of a product is considered a ____ performance measurement?

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

The balanced scorecard approach complements measures of past performance with measures of the drivers of future performance.

On a balanced scorecard, which of the following would be most appropriate to measure financial performance?

In the Du Pont model, profit margin is a ratio of

Performance measures that reflect an organization's ability to satisfy customers better than rival firms do are referred to as ____________________ measures.

Piece rate pay

An organization typically develops a values statement before developing a mission statement.

Return on investment (ROI) is a term most often used to express income earned on assets invested in a business unit. A company's return on investment would increase if sales

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

The ratio of sales to assets is referred to as ______________________________.

Improved effectiveness and efficiency of a product is considered a ____ performance measurement?

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

The balanced scorecard approach complements measures of past performance with measures of the drivers of future performance.

On a balanced scorecard, which of the following would be most appropriate to measure financial performance?

In the Du Pont model, profit margin is a ratio of

Performance measures that reflect an organization's ability to satisfy customers better than rival firms do are referred to as ____________________ measures.

Piece rate pay

An organization typically develops a values statement before developing a mission statement.

Return on investment (ROI) is a term most often used to express income earned on assets invested in a business unit. A company's return on investment would increase if sales

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