Question 1

In executive remuneration packages,long-term performance is rewarded by:

Accepted Answer

A) payment of an annual bonus based on profitability 
B) long term incentives such as share options 
C) fixed remuneration 
D) a company car and travel 
A) payment of an annual bonus based on profitability 
B) long term incentives such as share options 
C) fixed remuneration 
D) a company car and travel B

Question 2

Performance must be measured to verify the achievement of goals.Generally an entity's goals are expressed in a:

Accepted Answer

A) financial statement 
B) mission statement 
C) benchmark 
D) income statement 
A) financial statement 
B) mission statement 
C) benchmark 
D) income statement B

Question 3

Divisional managers can increase the Return on Investment by (increasing/decreasing)____________ the investment base relative to segment profit.

Accepted Answer

decreasing

Question 4

Goal _____________ occurs when the goals of the individual manager are in line with the goals of the entity.

Accepted Answer

The answer of Goal _____________ occurs when the goals of...

Question 5

The term ______________________ is used to describe the focus on the efficient use of resources to minimise their impact on the environment.

Accepted Answer

The answer of The term ______________________ is used to describe...

Question 6

Life cycle carbon cost accounting helps assess ___________ emissions of products from production to consumption.

Accepted Answer

The answer of Life cycle carbon cost accounting helps assess...

Question 7

The methods used to inventory and audit greenhouse gas emissions are

Accepted Answer

greenhouse

Question 8

Which one of these perspectives is not used by the balanced scorecard?

Accepted Answer

A) financial 
B) employee 
C) internal operations 
D) innovation and improvement activities 
A) financial 
B) employee 
C) internal operations 
D) innovation and improvement activities

Question 9

The first reporting period for entities whose characteristics are covered under the National Greenhouse and Energy Reporting Act,commenced on

Accepted Answer

A) 1 July 2007 
B) 1 July 2008 
C) 1 July 2009 
D) 1 July 2010 
A) 1 July 2007 
B) 1 July 2008 
C) 1 July 2009 
D) 1 July 2010

Question 10

Which of these would not be a recommendation to follow to successfully implement the balanced scorecard?

Accepted Answer

A) strive for perfection in every aspect 
B) implement a standardised version of the scorecard 
C) introduce the scorecard to the whole organisation at once 
D) all of the above are not recommended if successful implementation of the balanced scorecard is to be achieved 
A) strive for perfection in every aspect 
B) implement a standardised version of the scorecard 
C) introduce the scorecard to the whole organisation at once 
D) all of the above are not recommended if successful implementation of the balanced scorecard is to be achieved

Question 11

If the purpose of an entity is to maximise the wealth of its owners,the most complete measure of economic profit is considered to be:

Accepted Answer

A) residual income. 
B) economic value added. 
C) return on investment. 
D) return on sales. 
A) residual income. 
B) economic value added. 
C) return on investment. 
D) return on sales.

Question 12

Responsibility centres include cost centres,revenue centres,investment centres and ____________ centres.

Accepted Answer

The answer of Responsibility centres include cost centres,revenue centres,investment centres...

Question 13

If profit after tax is $800 000,taxation is $230 000,the required rate of return is 12% and the investment is $3 000 000 the residual income calculation is:

Accepted Answer

A) $670 000. 
B) 35%. 
C) 19%. 
D) $210 000. 
A) $670 000. 
B) 35%. 
C) 19%. 
D) $210 000.

Question 14

As return on investment is a short-term performance measure:

Accepted Answer

A) there is a need to combine it with long-term measures when assessing performance. 
B) it cannot be manipulated by managers for their own benefit 
C) it is useful for comparing divisions of different sizes 
D) none of the options is true 
A) there is a need to combine it with long-term measures when assessing performance. 
B) it cannot be manipulated by managers for their own benefit 
C) it is useful for comparing divisions of different sizes 
D) none of the options is true

Question 15

A term for a division,segment or branch of an organisation is:

Accepted Answer

A) business unit. 
B) entity 
C) corporation 
D) firm 
A) business unit. 
B) entity 
C) corporation 
D) firm

Question 16

A key performance indicator (KPI)is:

Accepted Answer

A) a performance measure of profitability 
B) a performance measure that is critical for the success of the entity 
C) a performance measure used only by manufacturing entities 
D) a management performance measure 
A) a performance measure of profitability 
B) a performance measure that is critical for the success of the entity 
C) a performance measure used only by manufacturing entities 
D) a management performance measure

Question 17

A responsibility centre that is responsible for generating a target level of revenue (e.g.a sales division)is known as a _____________ centre.

Accepted Answer

The answer of A responsibility centre that is responsible for...

Question 18

Investment turnover is sometimes called.

Accepted Answer

A) asset turnover 
B) investment base 
C) profit margin 
D) return on investment 
A) asset turnover 
B) investment base 
C) profit margin 
D) return on investment

Question 19

Which statement is not true in relation to measuring individual performance?

Accepted Answer

A) Performance measures should highlight the most important aspect of an employees' job 
B) It is generally considered best to choose an individual reward system rather than a team reward system 
C) Executives incentive packages should include both financial and non-financial performance measures 
D) Share options schemes are designed to reward executives for long-term performance 
A) Performance measures should highlight the most important aspect of an employees' job 
B) It is generally considered best to choose an individual reward system rather than a team reward system 
C) Executives incentive packages should include both financial and non-financial performance measures 
D) Share options schemes are designed to reward executives for long-term performance

Question 20

A short statement that sets out the overall philosophy and objectives of an entity is known as its ______________ statement.

Accepted Answer

The answer of A short statement that sets out the...

In executive remuneration packages,long-term performance is rewarded by:

Performance must be measured to verify the achievement of goals.Generally an entity's goals are expressed in a:

Divisional managers can increase the Return on Investment by (increasing/decreasing)____________ the investment base relative to segment profit.

Goal _____________ occurs when the goals of the individual manager are in line with the goals of the entity.

The term ______________________ is used to describe the focus on the efficient use of resources to minimise their impact on the environment.

Life cycle carbon cost accounting helps assess ___________ emissions of products from production to consumption.

The methods used to inventory and audit greenhouse gas emissions are

Which one of these perspectives is not used by the balanced scorecard?

The first reporting period for entities whose characteristics are covered under the National Greenhouse and Energy Reporting Act,commenced on

Which of these would not be a recommendation to follow to successfully implement the balanced scorecard?

If the purpose of an entity is to maximise the wealth of its owners,the most complete measure of economic profit is considered to be:

Responsibility centres include cost centres,revenue centres,investment centres and ____________ centres.

If profit after tax is $800 000,taxation is $230 000,the required rate of return is 12% and the investment is $3 000 000 the residual income calculation is:

As return on investment is a short-term performance measure:

A term for a division,segment or branch of an organisation is:

A key performance indicator (KPI)is:

A responsibility centre that is responsible for generating a target level of revenue (e.g.a sales division)is known as a _____________ centre.

Investment turnover is sometimes called.

Which statement is not true in relation to measuring individual performance?

A short statement that sets out the overall philosophy and objectives of an entity is known as its ______________ statement.

Introduction to Accounting

Business Sustainability

Business Structures

Business Transactions

Balance Sheet

Income Statement and Statement of Changes in Equity

Statement of Cash Flows

Analysis and Interpretation of Financial Statements

Budgeting

Cost-Volume-Profit Analysis

Costing and Pricing in an Entity

Capital Investment

Financing the Business

Filters

Exam 14: Performance Measurement

In executive remuneration packages,long-term performance is rewarded by:

Performance must be measured to verify the achievement of goals.Generally an entity's goals are expressed in a:

Divisional managers can increase the Return on Investment by (increasing/decreasing)____________ the investment base relative to segment profit.

Goal _____________ occurs when the goals of the individual manager are in line with the goals of the entity.

The term ______________________ is used to describe the focus on the efficient use of resources to minimise their impact on the environment.

Life cycle carbon cost accounting helps assess ___________ emissions of products from production to consumption.

The methods used to inventory and audit greenhouse gas emissions are

Which one of these perspectives is not used by the balanced scorecard?

The first reporting period for entities whose characteristics are covered under the National Greenhouse and Energy Reporting Act,commenced on

Which of these would not be a recommendation to follow to successfully implement the balanced scorecard?

If the purpose of an entity is to maximise the wealth of its owners,the most complete measure of economic profit is considered to be:

Responsibility centres include cost centres,revenue centres,investment centres and ____________ centres.

If profit after tax is $800 000,taxation is $230 000,the required rate of return is 12% and the investment is $3 000 000 the residual income calculation is:

As return on investment is a short-term performance measure:

A term for a division,segment or branch of an organisation is:

A key performance indicator (KPI)is:

A responsibility centre that is responsible for generating a target level of revenue (e.g.a sales division)is known as a _____________ centre.

Investment turnover is sometimes called.

Which statement is not true in relation to measuring individual performance?

A short statement that sets out the overall philosophy and objectives of an entity is known as its ______________ statement.

Introduction to Accounting

Business Sustainability

Business Structures

Business Transactions

Balance Sheet

Income Statement and Statement of Changes in Equity

Statement of Cash Flows

Analysis and Interpretation of Financial Statements

Budgeting

Cost-Volume-Profit Analysis

Costing and Pricing in an Entity

Capital Investment

Financing the Business

Filters