Exam 9: Management Control Systems and Responsibility Accounting

When comparing productivity measures over time,changes in the process or in the rate of inflation may cause the comparison to be misleading.

(True/False)

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Question 121

Which of the following statements about productivity is FALSE?

(Multiple Choice)

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Question 122

When preparing segmented income statements,fixed costs controllable by others,and not the segment manager,include ________.

(Multiple Choice)

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Question 123

Lower cycle times often lead to quality products and defect rates.

(Multiple Choice)

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Question 124

Goal congruence exists when individuals aim at short-term goals and groups aim at long-term organizational goals.

(True/False)

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Question 125

The following information pertains to the Southern Division of Peapod Company: Variable Costs: Fixed costs: The contribution controllable by a segment manager is ________.

(Multiple Choice)

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Question 126

Harvey Corporation and Bunny Corporation are movie companies.Comparative data for 20X3 and 20X6 are given below: Assume that each 20X3 dollar is equivalent to 1.50 of each 20X6 dollar,due to inflation.Taking inflation into account,what is Harvey Corporation's 20X3 productivity measure in terms of revenue per employee?

(Multiple Choice)

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Question 127

Segment contribution margin less ________ describes the segment contribution that is controllable by segment managers.

(Multiple Choice)

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Question 128

The following information pertains to the Southern Division of Bama Company: Variable Costs: Fixed costs: The contribution by segment is ________.

(Multiple Choice)

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Question 129

To evaluate the financial performance of a segment,and not the financial performance of the segment's manager,use ________.

(Multiple Choice)

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Question 130

Fixed costs not controllable by a segment manager usually include depreciation and property taxes on the building used by the segment.

(True/False)

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Question 131

Good performance measures should be reasonably subjective.

(True/False)

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Question 132

Smiley Company has the following results: If productivity is measured using the number of rolls of film processed per direct labor hour,what is the productivity of Smiley Company?

(Multiple Choice)

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Question 133

A set of machines may be a responsibility center for a production supervisor.

(True/False)

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Question 134

A profit center can exist in a nonprofit organization.

(True/False)

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Question 135

The vast majority of employees are motivated by the same thing.

(True/False)

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Question 136

Financial indicators are usually not included in a balanced scorecard.

(True/False)

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Question 137

A management control principle that will not change is that nonfinancial performance measures are not as important as financial performance measures.

(True/False)

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Question 138

Which of the following is NOT a characteristic of a management control system?

(Multiple Choice)

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Question 139

Key performance indicators for a balanced scorecard are usually grouped into two categories.

(True/False)

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Question 140

Showing 121 - 140 of 147

When comparing productivity measures over time,changes in the process or in the rate of inflation may cause the comparison to be misleading.

Which of the following statements about productivity is FALSE?

When preparing segmented income statements,fixed costs controllable by others,and not the segment manager,include ________.

Lower cycle times often lead to quality products and defect rates.

Goal congruence exists when individuals aim at short-term goals and groups aim at long-term organizational goals.

The following information pertains to the Southern Division of Peapod Company: Variable Costs: Fixed costs: The contribution controllable by a segment manager is ________.

Segment contribution margin less ________ describes the segment contribution that is controllable by segment managers.

The following information pertains to the Southern Division of Bama Company: Variable Costs: Fixed costs: The contribution by segment is ________.

To evaluate the financial performance of a segment,and not the financial performance of the segment's manager,use ________.

Fixed costs not controllable by a segment manager usually include depreciation and property taxes on the building used by the segment.

Good performance measures should be reasonably subjective.

Smiley Company has the following results: If productivity is measured using the number of rolls of film processed per direct labor hour,what is the productivity of Smiley Company?

A set of machines may be a responsibility center for a production supervisor.

A profit center can exist in a nonprofit organization.

The vast majority of employees are motivated by the same thing.

Financial indicators are usually not included in a balanced scorecard.

A management control principle that will not change is that nonfinancial performance measures are not as important as financial performance measures.

Which of the following is NOT a characteristic of a management control system?

Key performance indicators for a balanced scorecard are usually grouped into two categories.

Managerial Accounting, the Business Organization

Introduction to Cost Behavior and Cost-Volume Relationships

Measurement of Cost Behavior

Cost Management Systems and Activity-Based Costing

Relevant Information for Decision Making With a Focus

Relevant Information for Decision Making With a Focus

Introduction to Budgets and Preparing the Master Budget

Flexible Budgets and Variance Analysis

Management Control in Decentralized Organizations

Capital Budgeting

Cost Allocation

Accounting for Overhead Costs

Job-Order Costing and Process-Costing Systems

Basic Accounting: Concepts, techniques, and Conventions

Understanding Corporate Annual Reports: Basic Financial Statements

Understanding and Analyzing Consolidated Financial Statements

Filters

Exam 9: Management Control Systems and Responsibility Accounting

When comparing productivity measures over time,changes in the process or in the rate of inflation may cause the comparison to be misleading.

Which of the following statements about productivity is FALSE?

When preparing segmented income statements,fixed costs controllable by others,and not the segment manager,include ________.

Lower cycle times often lead to ________ quality products and ________ defect rates.

Goal congruence exists when individuals aim at short-term goals and groups aim at long-term organizational goals.

The following information pertains to the Southern Division of Peapod Company: Variable Costs: Fixed costs: The contribution controllable by a segment manager is ________.

Segment contribution margin less ________ describes the segment contribution that is controllable by segment managers.

The following information pertains to the Southern Division of Bama Company: Variable Costs: Fixed costs: The contribution by segment is ________.

To evaluate the financial performance of a segment,and not the financial performance of the segment's manager,use ________.

Fixed costs not controllable by a segment manager usually include depreciation and property taxes on the building used by the segment.

Good performance measures should be reasonably subjective.

Smiley Company has the following results: If productivity is measured using the number of rolls of film processed per direct labor hour,what is the productivity of Smiley Company?

A set of machines may be a responsibility center for a production supervisor.

A profit center can exist in a nonprofit organization.

The vast majority of employees are motivated by the same thing.

Financial indicators are usually not included in a balanced scorecard.

A management control principle that will not change is that nonfinancial performance measures are not as important as financial performance measures.

Which of the following is NOT a characteristic of a management control system?

Key performance indicators for a balanced scorecard are usually grouped into two categories.

Managerial Accounting, the Business Organization

Introduction to Cost Behavior and Cost-Volume Relationships

Measurement of Cost Behavior

Cost Management Systems and Activity-Based Costing

Relevant Information for Decision Making With a Focus

Relevant Information for Decision Making With a Focus

Introduction to Budgets and Preparing the Master Budget

Flexible Budgets and Variance Analysis

Management Control in Decentralized Organizations

Capital Budgeting

Cost Allocation

Accounting for Overhead Costs

Job-Order Costing and Process-Costing Systems

Basic Accounting: Concepts, techniques, and Conventions

Understanding Corporate Annual Reports: Basic Financial Statements

Understanding and Analyzing Consolidated Financial Statements

Filters

Lower cycle times often lead to quality products and defect rates.