Question 1

In the financial perspective,economic value added would be an appropriate measure for which of the following goals?

Accepted Answer

A) revenue growth 
B) cost reduction 
C) improving asset utilization 
D) risk management 
A) revenue growth 
B) cost reduction 
C) improving asset utilization 
D) risk management

Question 2

Which of the following is a limitation of activity-based responsibility accounting?

Accepted Answer

A) Change efforts are often fragmented. 
B) Change efforts lack connection to mission. 
C) Change efforts lack connection to strategy. 
D) Change efforts are driven by value-added analysis. 
A) Change efforts are often fragmented. 
B) Change efforts lack connection to mission. 
C) Change efforts lack connection to strategy. 
D) Change efforts are driven by value-added analysis.

Question 3

Which of the following is a measure commonly used to evaluate asset utilization?

Accepted Answer

A) return on investment 
B) total revenue 
C) market share 
D) net income 
A) return on investment 
B) total revenue 
C) market share 
D) net income

Question 4

Compare and contrast activity-based measures and strategic-based measures.

Accepted Answer

Activity-based measures are concerned wi

Question 5

Which of the following is an operational measure of quality?

Accepted Answer

A) materials cost per unit 
B) number of units produced 
C) kilograms of scrap 
D) cycle time 
A) materials cost per unit 
B) number of units produced 
C) kilograms of scrap 
D) cycle time

Question 6

Who needs to be committed for the balanced scorecard to be successful?

Accepted Answer

A) The production employees 
B) The organization's suppliers 
C) The organization's customers 
D) The entire organization 
A) The production employees 
B) The organization's suppliers 
C) The organization's customers 
D) The entire organization

Question 7

Which of the following would be a subjective measure?

Accepted Answer

A) employee capabilities 
B) market share 
C) return on investment 
D) cost per unit 
A) employee capabilities 
B) market share 
C) return on investment 
D) cost per unit

Question 8

Harris,Inc.manufactures a product that experiences the following activities: $$\begin{array} { l l } 
\text { Procesing (three deparinents) } & \text { 60 hours } \
\text { Moving (fau moves) } & 15 \text { hours } \
\text { Waiting time } & 45 \text { hours } \
\text { Storage time (before delivery) } & 120 \text { hours }
\end{array}$$ What is the MCE for the product?

Accepted Answer

A) 0.18 
B) 0.25 
C) 0.27 
D) 0.33 
A) 0.18 
B) 0.25 
C) 0.27 
D) 0.33

Question 9

The learning and growth perspective has three major objectives.Which of the following is an objective of the learning and growth process?

Accepted Answer

A) increase the number of new products 
B) increase customer acquisition 
C) increase motivation and alignment 
D) improve asset utilization 
A) increase the number of new products 
B) increase customer acquisition 
C) increase motivation and alignment 
D) improve asset utilization

Question 10

A manufacturing cell has the theoretical capability of producing 40,000 microchips per quarter.The conversion cost per quarter is $25,000.There are 4,000 production hours available within the cell per quarter.What is the theoretical cycle time per unit in minutes?

Accepted Answer

A) 0.625 minutes 
B) 6.000 minutes 
C) 8.400 minutes 
D) 37.500 minutes 
A) 0.625 minutes 
B) 6.000 minutes 
C) 8.400 minutes 
D) 37.500 minutes

Question 11

Which of the following is not a strategic theme of the financial perspective?

Accepted Answer

A) revenue growth 
B) asset utilization 
C) employee capability 
D) risk management 
A) revenue growth 
B) asset utilization 
C) employee capability 
D) risk management

Question 12

Puma Manufacturing has a theoretical capability to produce 20,250 copiers per quarter but currently produces 10,125 copiers.The conversion cost per quarter is $4,860,000.There are 6,750 production hours available within the plant per quarter.In addition to the processing minutes per unit used,the production of copiers uses 12 minutes of move time,8 minutes of wait time,and 10 minutes of rework time.(All work is done by cell workers.)
Required:
a.Compute the theoretical and actual velocities per hour and the theoretical and actual cycle times (minutes per unit produced).
b.Compute the ideal and actual amounts of conversion cost assigned to each printer.
c.Calculate the MCE.
d.If poor employee training is the root cause of wait time and move time,develop an improvement strategy as a series of if-then statements that will reduce the conversion cost per printer.

Accepted Answer

a.Theoretical velocity = 20,250/6,750 =

Question 13

From the customer perspective,which of the following might be an appropriate measure for improving product quality?

Accepted Answer

A) customer profitability 
B) cost per customer 
C) percentage of returns 
D) number of patents pending 
A) customer profitability 
B) cost per customer 
C) percentage of returns 
D) number of patents pending

Question 14

Activity-based evaluation and strategic-based evaluation incorporate some of the same elements.However,strategic-based responsibility adds some new elements to the common dimensions.What are the elements in common and what new elements are included?

Accepted Answer

Activity-based evaluation and strategic-

Question 15

What is the definition of a testable strategy?

Accepted Answer

A) a strategy that can be implemented 
B) a set of profit goals 
C) a set of linked objectives aimed at an overall goal 
D) a strategy that is verifiable 
A) a strategy that can be implemented 
B) a set of profit goals 
C) a set of linked objectives aimed at an overall goal 
D) a strategy that is verifiable

Question 16

How does the Balanced Scorecard communicate strategy to the organization? How is strategy translated into performance measures?

Accepted Answer

Balanced scorecard operationalizes strat

Question 17

What is a major difference between activity-based responsibility accounting and strategic-based responsibility accounting?

Accepted Answer

A) only strategic-based responsibility accounting is linked to strategy 
B) only strategic-based responsibility accounting is focused on systemwide efficiency 
C) only strategic-based responsibility accounting includes the process perspective 
D) only strategic-based responsibility accounting reinforces team accountability 
A) only strategic-based responsibility accounting is linked to strategy 
B) only strategic-based responsibility accounting is focused on systemwide efficiency 
C) only strategic-based responsibility accounting includes the process perspective 
D) only strategic-based responsibility accounting reinforces team accountability

Question 18

Which of the following would be a core outcome measure for employee capabilities?

Accepted Answer

A) employee satisfaction ratings 
B) number of employees 
C) suggestions per employee 
D) percentage of processes with real-time feedback 
A) employee satisfaction ratings 
B) number of employees 
C) suggestions per employee 
D) percentage of processes with real-time feedback

Question 19

For purposes of strategic alignment,what should incentive compensation be based upon?

Accepted Answer

A) expected performance of weighted targets for a given period 
B) expected financial performance of the company 
C) actual performance compared to weighted target values for a given period 
D) actual financial performance of the company 
A) expected performance of weighted targets for a given period 
B) expected financial performance of the company 
C) actual performance compared to weighted target values for a given period 
D) actual financial performance of the company

Question 20

What is the formula for computing Manufacturing Cycle Efficiency (MCE)?

Accepted Answer

A) Processing Time / (Processing time + Move time + Inspection time + Waiting time + Other non-value-added time) 
B) Theoretical Capacity / Production hours available 
C) Cycle time per unit * velocity 
D) Good output / good input 
A) Processing Time / (Processing time + Move time + Inspection time + Waiting time + Other non-value-added time) 
B) Theoretical Capacity / Production hours available 
C) Cycle time per unit * velocity 
D) Good output / good input

In the financial perspective,economic value added would be an appropriate measure for which of the following goals?

Which of the following is a limitation of activity-based responsibility accounting?

Which of the following is a measure commonly used to evaluate asset utilization?

Compare and contrast activity-based measures and strategic-based measures.

Which of the following is an operational measure of quality?

Who needs to be committed for the balanced scorecard to be successful?

Which of the following would be a subjective measure?

Harris,Inc.manufactures a product that experiences the following activities: Procesing (three deparinents) 60 hours Moving (fau moves) 15 hours Waiting time 45 hours Storage time (before delivery) 120 hours What is the MCE for the product?

The learning and growth perspective has three major objectives.Which of the following is an objective of the learning and growth process?

A manufacturing cell has the theoretical capability of producing 40,000 microchips per quarter.The conversion cost per quarter is $25,000.There are 4,000 production hours available within the cell per quarter.What is the theoretical cycle time per unit in minutes?

Which of the following is not a strategic theme of the financial perspective?

From the customer perspective,which of the following might be an appropriate measure for improving product quality?

Activity-based evaluation and strategic-based evaluation incorporate some of the same elements.However,strategic-based responsibility adds some new elements to the common dimensions.What are the elements in common and what new elements are included?

What is the definition of a testable strategy?

How does the Balanced Scorecard communicate strategy to the organization? How is strategy translated into performance measures?

What is a major difference between activity-based responsibility accounting and strategic-based responsibility accounting?

Which of the following would be a core outcome measure for employee capabilities?

For purposes of strategic alignment,what should incentive compensation be based upon?

What is the formula for computing Manufacturing Cycle Efficiency (MCE)?

A: Basic Cost Management Concepts

B: Basic Cost Management Concepts

Cost Behaviour

Cost-Volume-Profit Analysis

Job-Order Costing Systems

Process Costing

Activity-Based Costing

Allocating Costs of Support Departments and Joint Products

Budgeting for Planning and Control

Standard Costing: a Functional-Based Control Approach

Responsibility Accounting,performance Evaluation,and Transfer Pricing

Tactical Decision Making

Pricing and Profitability Analysis

Strategic Cost Management

Activity-Based Management

Quality and Environmental Cost Management

Lean Accounting and Productivity Measurement

Inventory Management: Economic Order Quantity,jit,and the Theory of Constraints

Filters

Exam 15: The Balanced Scorecard: Strategic-Based Control

In the financial perspective,economic value added would be an appropriate measure for which of the following goals?

Which of the following is a limitation of activity-based responsibility accounting?

Which of the following is a measure commonly used to evaluate asset utilization?

Compare and contrast activity-based measures and strategic-based measures.

Which of the following is an operational measure of quality?

Who needs to be committed for the balanced scorecard to be successful?

Which of the following would be a subjective measure?

Harris,Inc.manufactures a product that experiences the following activities: Procesing (three deparinents) 60 hours Moving (fau moves) 15 hours Waiting time 45 hours Storage time (before delivery) 120 hours What is the MCE for the product?

The learning and growth perspective has three major objectives.Which of the following is an objective of the learning and growth process?

A manufacturing cell has the theoretical capability of producing 40,000 microchips per quarter.The conversion cost per quarter is $25,000.There are 4,000 production hours available within the cell per quarter.What is the theoretical cycle time per unit in minutes?

Which of the following is not a strategic theme of the financial perspective?

From the customer perspective,which of the following might be an appropriate measure for improving product quality?

Activity-based evaluation and strategic-based evaluation incorporate some of the same elements.However,strategic-based responsibility adds some new elements to the common dimensions.What are the elements in common and what new elements are included?

What is the definition of a testable strategy?

How does the Balanced Scorecard communicate strategy to the organization? How is strategy translated into performance measures?

What is a major difference between activity-based responsibility accounting and strategic-based responsibility accounting?

Which of the following would be a core outcome measure for employee capabilities?

For purposes of strategic alignment,what should incentive compensation be based upon?

What is the formula for computing Manufacturing Cycle Efficiency (MCE)?

A: Basic Cost Management Concepts

B: Basic Cost Management Concepts

Cost Behaviour

Cost-Volume-Profit Analysis

Job-Order Costing Systems

Process Costing

Activity-Based Costing

Allocating Costs of Support Departments and Joint Products

Budgeting for Planning and Control

Standard Costing: a Functional-Based Control Approach

Responsibility Accounting,performance Evaluation,and Transfer Pricing

Tactical Decision Making

Pricing and Profitability Analysis

Strategic Cost Management

Activity-Based Management

Quality and Environmental Cost Management

Lean Accounting and Productivity Measurement

Inventory Management: Economic Order Quantity,jit,and the Theory of Constraints

Filters