Question 1

A testable strategy is defined as a

Accepted Answer

A)  set of linked objectives aimed at an overall goal. 
B)  means of providing managers with information about the effectiveness of strategy implementation and the validity of the assumption underlying the strategy. 
C)  means of specifying objectives, measures, targets, and initiatives for each perspective of the Balanced Scorecard. 
D)  strategic management system that defines a strategic-based responsibility accounting system. 
E)  None of these. 
A)  set of linked objectives aimed at an overall goal. 
B)  means of providing managers with information about the effectiveness of strategy implementation and the validity of the assumption underlying the strategy. 
C)  means of specifying objectives, measures, targets, and initiatives for each perspective of the Balanced Scorecard. 
D)  strategic management system that defines a strategic-based responsibility accounting system. 
E)  None of these.

Question 2

The ________________ is a strategic management system that defines a strategic-based responsibility accounting system.

Accepted Answer

The answer of The ________________ is a strategic management system...

Question 3

A responsibility center in which a manager is responsible only for sales is a(n)

Accepted Answer

A)  cost center. 
B)  revenue center. 
C)  profit center. 
D)  investment center. 
E)  None of these. 
A)  cost center. 
B)  revenue center. 
C)  profit center. 
D)  investment center. 
E)  None of these.

Question 4

Which of the following is a reason for decentralization?

Accepted Answer

A)  Ease of gathering and using local information. 
B)  Focusing of central management. 
C)  Training and motivating segment managers. 
D)  Exposing segments to market forces. 
E)  All of these. 
A)  Ease of gathering and using local information. 
B)  Focusing of central management. 
C)  Training and motivating segment managers. 
D)  Exposing segments to market forces. 
E)  All of these.

Question 5

When a manager is responsible for only costs it is known as a(n) _______________.

Accepted Answer

The answer of When a manager is responsible for only...

Question 6

How is EVA (Economic Value Added) different from standard residual income calculations?

Accepted Answer

The key features of EVA are th

Question 7

If the operating asset turnover ratio increased by 30% and the margin increased by 20%, the divisional ROI

Accepted Answer

A)  would increase by 56%. 
B)  would decrease by 60%. 
C)  would increase by 20%. 
D)  cannot be determined. 
A)  would increase by 56%. 
B)  would decrease by 60%. 
C)  would increase by 20%. 
D)  cannot be determined.

A testable strategy is defined as a

The ________________ is a strategic management system that defines a strategic-based responsibility accounting system.

A responsibility center in which a manager is responsible only for sales is a(n)

Which of the following is a reason for decentralization?

When a manager is responsible for only costs it is known as a(n) _______________.

How is EVA (Economic Value Added) different from standard residual income calculations?

If the operating asset turnover ratio increased by 30% and the margin increased by 20%, the divisional ROI

Introduction to Managerial Accounting

Basic Managerial Accounting Concepts

Cost Behavior

Cost-Volume-Profit Analysis: a Managerial Planning Tool

Job-Order Costing

Process Costing

Activity-Based Costing and Management

Absorption and Variable Costing, and Inventory Management

Profit Planning

Standard Costing: a Managerial Control Tool

Flexible Budgets and Overhead Analysis

Short-Run Decision Making: Relevant Costing

Capital Investment Decisions

Statement of Cash Flows

Financial Statement Analysis

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Exam 12: Performance Evaluation and Decentralization

A testable strategy is defined as a

The ________________ is a strategic management system that defines a strategic-based responsibility accounting system.

A responsibility center in which a manager is responsible only for sales is a(n)

Which of the following is a reason for decentralization?

When a manager is responsible for only costs it is known as a(n) _______________.

How is EVA (Economic Value Added) different from standard residual income calculations?

If the operating asset turnover ratio increased by 30% and the margin increased by 20%, the divisional ROI

Introduction to Managerial Accounting

Basic Managerial Accounting Concepts

Cost Behavior

Cost-Volume-Profit Analysis: a Managerial Planning Tool

Job-Order Costing

Process Costing

Activity-Based Costing and Management

Absorption and Variable Costing, and Inventory Management

Profit Planning

Standard Costing: a Managerial Control Tool

Flexible Budgets and Overhead Analysis

Short-Run Decision Making: Relevant Costing

Capital Investment Decisions

Statement of Cash Flows

Financial Statement Analysis

Filters