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

The Grocery Division The Grocery Division of Crest Company reported the following results for a recent year Refer to the Grocery Division What was the asset turnover ratio of the Grocery Division?

In evaluating the performance of a profit center manager, the manager

All other things being equal, an increase in sales price would increase

In selecting non-financial performance measures managers should choose measures that reflect

Lawton Company Lawton Company is a manufacturer of electronic components. The following manufacturing information is available for the month of May: Refer to Lawton Company. What is the throughput per hour?

Using a single performance evaluation criterion for an investment center

Economic value added (EVA) applies the target rate of return to the book value of the assets invested in a division.

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?

Define residual income. Evaluate residual income as a measure of performance.

Residual income is used as a performance measure in which of the following types of centers?

Profit margin ´ Asset Turnover is often referred to as the _________________________.

On a balanced scorecard, which of the following would be most appropriate to measure innovation:

Which of the following is necessary for any valid performance measurement?

Discuss the rethinking taking place regarding the time frame used in American business performance systems.

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

In order to assure achievement of an organizational goal, performance measures must be established for that goal.

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?

In a pay-for-performance plan, defined performance measures must be highly correlated with an organization's operational targets.

Relative to qualitative performance measures, quantitative performance measures are less

Non-financial measures are generally less timely than are financial performance measures.