Question 1

Different organizations stress different measures in their scorecards,but the measures are always derived from a company's ________.

Accepted Answer

A) strategy 
B) balance sheet 
C) income statement 
D) fixed-cost budget 
E) resource statement 
A) strategy 
B) balance sheet 
C) income statement 
D) fixed-cost budget 
E) resource statement

Question 2

Hospitality Inns use balanced-scorecard measures to evaluate and reward the performance of its managers.

Accepted Answer

A) True 
 B)False

Question 3

The DuPont method recognizes the two basic ingredients in profit-making: increasing income per dollar of revenues and using assets to generate more revenues.

Accepted Answer

A) True 
 B)False

Question 4

Low intrinsic motivation enhances performance because managers and workers have a sense of achievement in doing something important.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is not true about investment bases associated with return on investment (ROI)?

Accepted Answer

A) Involves decreasing idle cash. 
B) Involves managing credit judiciously. 
C) Involves determining proper inventory levels. 
D) Managers spend carefully on long-term assets. 
E) Managers never have benefits when they reduce long-term assets. 
A) Involves decreasing idle cash. 
B) Involves managing credit judiciously. 
C) Involves determining proper inventory levels. 
D) Managers spend carefully on long-term assets. 
E) Managers never have benefits when they reduce long-term assets.

Question 6

Why does the timing of feedback in the balanced scorecard vary?

Accepted Answer

The timing of feedback in the balanced s

Question 7

In establishing targets for financial performance measures,companies using the balanced scorecard simultaneously determine targets in the customer,________,and learning-and-growth perspectives.

Accepted Answer

A) master budget 
B) peripheral market 
C) budgeted-sales objective 
D) internal-business-process 
E) fixed-cost business process 
A) master budget 
B) peripheral market 
C) budgeted-sales objective 
D) internal-business-process 
E) fixed-cost business process

Question 8

The time it takes to plan and build new hotels is an example of a performance measure with a ________ time horizon.

Accepted Answer

A) long 
B) equal 
C) short 
D) balanced 
E) consistent 
A) long 
B) equal 
C) short 
D) balanced 
E) consistent

Question 9

Companies should tailor budgets and the timing of feedback to managers and employees to the nature of the ________,the accounting system in place,and the particular performance measure being used for evaluation.

Accepted Answer

A) subunit 
B) variation 
C) business plan 
D) market adaption 
E) internal benchmark 
A) subunit 
B) variation 
C) business plan 
D) market adaption 
E) internal benchmark

Question 10

Some performance measures,such as the time it takes to build a new hotel,have a long time horizon.Other measures,such as the check-in processing time for guests in a hotel,have a short time horizon.What kind of time horizon do organizational subunits utilize?

Accepted Answer

Organizational subun

Question 11

Why may current-cost estimates be difficult to obtain for some assets?

Accepted Answer

Current cost estimates may be difficult

Question 12

Explain how the multiyear analysis is an advantage to managers that use the RI measure.

Accepted Answer

The net present value of all cash flows

Question 13

In the balanced scorecard,market share in different geographic locations,customer satisfaction,and average number of repeat visits are measures of the ________.

Accepted Answer

A) employee perspective 
B) customer perspective 
C) financial perspective 
D) learning-and-growth perspective 
E) internal-business-process perspective 
A) employee perspective 
B) customer perspective 
C) financial perspective 
D) learning-and-growth perspective 
E) internal-business-process perspective

Question 14

Surveys report ________ book value to be the dominant measure of assets used by companies for internal performance evaluation.

Accepted Answer

A) net 
B) past 
C) cost 
D) current 
E) historical 
A) net 
B) past 
C) cost 
D) current 
E) historical

Question 15

The following data was compiled for Infer-Tech PC Company in order to assess the effect of a $500,000 initial investment with a $70,000 operating cost increase per year over a five year period.The company factored in a 15% required rate of return.
 
Required
Compute the present value of the investment in year 2 and year 4.

Accepted Answer

A) $132,444;$85,669 
B) $120,522;$72,996 
C) $115,669;$85,000 
D) $128,544;$97,198 
E) $105,008;$80,663 
A) $132,444;$85,669 
B) $120,522;$72,996 
C) $115,669;$85,000 
D) $128,544;$97,198 
E) $105,008;$80,663

Question 16

The managerial accountant at International Nacho Company reported operating income of 6,250,500 pesos in 2012 and total assets of 34,000,000 pesos in 2012.
Required
Compute the 2012 ROI in pesos.

Accepted Answer

A) .183% 
B) .190% 
C) .200% 
D) .210% 
E) .222% 
A) .183% 
B) .190% 
C) .200% 
D) .210% 
E) .222%

Question 17

Which of the following is the alternative definition of all assets,regardless of their intended purpose used in the construction of accounting-based performance measures?

Accepted Answer

A) The minimum ROS. 
B) Stockholders equity. 
C) Total assets available. 
D) Total assets employed. 
E) Total assets employed minus current liabilities. 
A) The minimum ROS. 
B) Stockholders equity. 
C) Total assets available. 
D) Total assets employed. 
E) Total assets employed minus current liabilities.

Question 18

A popular way for management to establish targets is to set intermittent improvement targets.

Accepted Answer

A) True 
 B)False

Question 19

The ________ requires detailed disclosures of the compensation arrangements of top-level executives.

Accepted Answer

A) Federal Reserve 
B) United States Government 
C) Generally Accepted Accounting Principles (GAAP) 
D) Federal Accounting Standards Board (FAS
B)  
E) Securities and Exchange Commission (SE
C)  
A) Federal Reserve 
B) United States Government 
C) Generally Accepted Accounting Principles (GAAP) 
D) Federal Accounting Standards Board (FAS
B)  
E) Securities and Exchange Commission (SE
C)

Question 20

What is the goal of all balanced scorecard implementations?

Accepted Answer

The goal is to make improvements in the

Different organizations stress different measures in their scorecards,but the measures are always derived from a company's ________.

Hospitality Inns use balanced-scorecard measures to evaluate and reward the performance of its managers.

The DuPont method recognizes the two basic ingredients in profit-making: increasing income per dollar of revenues and using assets to generate more revenues.

Low intrinsic motivation enhances performance because managers and workers have a sense of achievement in doing something important.

Which of the following is not true about investment bases associated with return on investment (ROI)?

Why does the timing of feedback in the balanced scorecard vary?

In establishing targets for financial performance measures,companies using the balanced scorecard simultaneously determine targets in the customer,________,and learning-and-growth perspectives.

The time it takes to plan and build new hotels is an example of a performance measure with a ________ time horizon.

Companies should tailor budgets and the timing of feedback to managers and employees to the nature of the ________,the accounting system in place,and the particular performance measure being used for evaluation.

Some performance measures,such as the time it takes to build a new hotel,have a long time horizon.Other measures,such as the check-in processing time for guests in a hotel,have a short time horizon.What kind of time horizon do organizational subunits utilize?

Why may current-cost estimates be difficult to obtain for some assets?

Explain how the multiyear analysis is an advantage to managers that use the RI measure.

In the balanced scorecard,market share in different geographic locations,customer satisfaction,and average number of repeat visits are measures of the ________.

Surveys report ________ book value to be the dominant measure of assets used by companies for internal performance evaluation.

The managerial accountant at International Nacho Company reported operating income of 6,250,500 pesos in 2012 and total assets of 34,000,000 pesos in 2012. Required Compute the 2012 ROI in pesos.

Which of the following is the alternative definition of all assets,regardless of their intended purpose used in the construction of accounting-based performance measures?

A popular way for management to establish targets is to set intermittent improvement targets.

The ________ requires detailed disclosures of the compensation arrangements of top-level executives.

What is the goal of all balanced scorecard implementations?

The Manager and Management Accounting

An Introduction to Cost Terms and Purposes

Cost-Volume-Profit Analysis

Job Costing

Process Costing and Cost Allocation

Activity-Based Costing and Activity-Based Management

Pricing Decisions, customer Profitability, and Cost Management

Determining How Costs Behave

Decision Making and Relevant Information

Quality, inventory Management, and Time

Capital Investments

Master Budget and Responsibility Accounting

Flexible Budgets, cost Variances, and Management Control

Strategy, Balanced Scorecard, and Strategic Profitability Analysis

Transfer Pricing

Filters

Exam 16: Performance Measurement and Compensation

Different organizations stress different measures in their scorecards,but the measures are always derived from a company's ________.

Hospitality Inns use balanced-scorecard measures to evaluate and reward the performance of its managers.

The DuPont method recognizes the two basic ingredients in profit-making: increasing income per dollar of revenues and using assets to generate more revenues.

Low intrinsic motivation enhances performance because managers and workers have a sense of achievement in doing something important.

Which of the following is not true about investment bases associated with return on investment (ROI)?

Why does the timing of feedback in the balanced scorecard vary?

In establishing targets for financial performance measures,companies using the balanced scorecard simultaneously determine targets in the customer,________,and learning-and-growth perspectives.

The time it takes to plan and build new hotels is an example of a performance measure with a ________ time horizon.

Companies should tailor budgets and the timing of feedback to managers and employees to the nature of the ________,the accounting system in place,and the particular performance measure being used for evaluation.

Some performance measures,such as the time it takes to build a new hotel,have a long time horizon.Other measures,such as the check-in processing time for guests in a hotel,have a short time horizon.What kind of time horizon do organizational subunits utilize?

Why may current-cost estimates be difficult to obtain for some assets?

Explain how the multiyear analysis is an advantage to managers that use the RI measure.

In the balanced scorecard,market share in different geographic locations,customer satisfaction,and average number of repeat visits are measures of the ________.

Surveys report ________ book value to be the dominant measure of assets used by companies for internal performance evaluation.

The managerial accountant at International Nacho Company reported operating income of 6,250,500 pesos in 2012 and total assets of 34,000,000 pesos in 2012. Required Compute the 2012 ROI in pesos.

Which of the following is the alternative definition of all assets,regardless of their intended purpose used in the construction of accounting-based performance measures?

A popular way for management to establish targets is to set intermittent improvement targets.

The ________ requires detailed disclosures of the compensation arrangements of top-level executives.

What is the goal of all balanced scorecard implementations?

The Manager and Management Accounting

An Introduction to Cost Terms and Purposes

Cost-Volume-Profit Analysis

Job Costing

Process Costing and Cost Allocation

Activity-Based Costing and Activity-Based Management

Pricing Decisions, customer Profitability, and Cost Management

Determining How Costs Behave

Decision Making and Relevant Information

Quality, inventory Management, and Time

Capital Investments

Master Budget and Responsibility Accounting

Flexible Budgets, cost Variances, and Management Control

Strategy, Balanced Scorecard, and Strategic Profitability Analysis

Transfer Pricing

Filters