Question 1

Responsibility accounting performance reports capture the financial performance of cost,revenue and profit centres.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following perspectives from the balanced scorecard focuses on determining the company's "climate for action?"

Accepted Answer

A) Learning and growth perspective 
B) Internal business perspective 
C) Customer perspective 
D) Financial perspective 
A) Learning and growth perspective 
B) Internal business perspective 
C) Customer perspective 
D) Financial perspective

Question 3

What is the Entertainment Division's residual income?

Accepted Answer

A) $240,000 
B) $640,000 
C) $864,000 
D) $1,200,000 
A) $240,000 
B) $640,000 
C) $864,000 
D) $1,200,000

Question 4

Comparing company results against industry benchmarks is often less useful than comparing actual results against budget amount.

Accepted Answer

A) True 
 B)False

Question 5

Return on investment and revenue growth would be examples of

Accepted Answer

A) financial perspective. 
B) customer perspective. 
C) internal business perspective. 
D) learning and growth perspective. 
A) financial perspective. 
B) customer perspective. 
C) internal business perspective. 
D) learning and growth perspective.

Question 6

Which of the following is the name given to the approach that recognizes that both financial and operational performance measures should be considered when evaluating company performance?

Accepted Answer

A) The financial and operational approach 
B) The total approach 
C) The balanced scorecard approach 
D) The complete approach 
A) The financial and operational approach 
B) The total approach 
C) The balanced scorecard approach 
D) The complete approach

Question 7

What is the First Electronics Corporation cell phone division's asset turnover?

Accepted Answer

A) 2.0 
B) 3.3 
C) 4.0 
D) 6.7 
A) 2.0 
B) 3.3 
C) 4.0 
D) 6.7

Responsibility accounting performance reports capture the financial performance of cost,revenue and profit centres.

Which of the following perspectives from the balanced scorecard focuses on determining the company's "climate for action?"

What is the Entertainment Division's residual income?

Comparing company results against industry benchmarks is often less useful than comparing actual results against budget amount.

Return on investment and revenue growth would be examples of

Which of the following is the name given to the approach that recognizes that both financial and operational performance measures should be considered when evaluating company performance?

What is the First Electronics Corporation cell phone division's asset turnover?

Introduction to Managerial Accounting

Building Blocks of Managerial Accounting

Job Costing

Activity Based Costing

Process Costing

Cost Behaviour

Cost-Volume-Profit Analysis

Short-Term Business Decisions

The Master Budget and Responsibility Accounting

Flexible Budgets and Standard Costs

Capital Investment Decisions and the Time Value of Money

Filters

Exam 11: Performance Evaluation and the Balanced Scorecard

Responsibility accounting performance reports capture the financial performance of cost,revenue and profit centres.

Which of the following perspectives from the balanced scorecard focuses on determining the company's "climate for action?"

What is the Entertainment Division's residual income?

Comparing company results against industry benchmarks is often less useful than comparing actual results against budget amount.

Return on investment and revenue growth would be examples of

Which of the following is the name given to the approach that recognizes that both financial and operational performance measures should be considered when evaluating company performance?

What is the First Electronics Corporation cell phone division's asset turnover?

Introduction to Managerial Accounting

Building Blocks of Managerial Accounting

Job Costing

Activity Based Costing

Process Costing

Cost Behaviour

Cost-Volume-Profit Analysis

Short-Term Business Decisions

The Master Budget and Responsibility Accounting

Flexible Budgets and Standard Costs

Capital Investment Decisions and the Time Value of Money

Filters