Question 1

To balance the scorecard,organizations should select all of the following except

Accepted Answer

A) Leading measures. 
B) Dashboard measures. 
C) Lagging measures. 
D) Qualitative measures. 
A) Leading measures. 
B) Dashboard measures. 
C) Lagging measures. 
D) Qualitative measures.

Question 2

Which of the following is $\textbf{       not   }$ one of the four balanced scorecard perspectives?

Accepted Answer

A) Learning and growth 
B) Production 
C) Customer 
D) Financial 
A) Learning and growth 
B) Production 
C) Customer 
D) Financial

Question 3

Midland Industries is the manufacturer of metal-frame backyard pools and pool accessories.The controller of the company recognizes that the success of the company depends on both financial and nonfinancial measures.Place an "X" in the appropriate columns to indicate whether the following measures are leading or lagging and financial or nonfinancial.

Accepted Answer

The answer of Midland Industries is the manufacturer of metal-frame...

Question 4

Community Hospital is reassessing their performance  measurements. The hospital accounting administrator has asked supervisors to submit items they believe should be used in evaluating performance related to their individual departments.  The supervisors have submitted a number of suggestions. Indicate by placing an “X” in the appropriate column whether the following measures are leading or lagging and qualitative or quantitative. Each item may classify as more than one measure.

Accepted Answer

The answer of Community Hospital is reassessing their performance ...

Question 5

Which of the following kinds of companies would a bass boat manufacturing company $\textbf{      not    }$ want to benchmark?

Accepted Answer

A) Another bass boat manufacturer with a best practice in quality control 
B) A manufacturer of ladies dresses with a best practice in inventory management 
C) A retail store that has a best practice in employee safety 
D) A bass boat manufacturer might want to benchmark with all the above companies. 
A) Another bass boat manufacturer with a best practice in quality control 
B) A manufacturer of ladies dresses with a best practice in inventory management 
C) A retail store that has a best practice in employee safety 
D) A bass boat manufacturer might want to benchmark with all the above companies.

Question 6

Which of the following is $\textbf{       not  }$  an example of an internal operating nonfinancial measure?

Accepted Answer

A) Labor productivity 
B) Product defects 
C) Product flexibility 
D) Setup efficiency 
A) Labor productivity 
B) Product defects 
C) Product flexibility 
D) Setup efficiency

Question 7

Measures that are predictors of your ultimate performance on a particular activity are referred to as predictor indicators.

Accepted Answer

A) True 
 B)False

Question 8

After selecting the appropriate measures,managers should

Accepted Answer

A) Set a limit on the measure. 
B) Select a committee to enforce the use of the measures. 
C) Set a target for each measure. 
D) Select a manager to evaluate each measure. 
A) Set a limit on the measure. 
B) Select a committee to enforce the use of the measures. 
C) Set a target for each measure. 
D) Select a manager to evaluate each measure.

Question 9

A balanced scorecard should include five to seven measures in each of four perspectives: Learning and growth,internal business processes,customer,and financial.
Required:

List five measures that relate to the internal business processes perspective.

Accepted Answer

Answers will vary, several measures are:

Question 10

Financial measures alone do not capture all aspects of an organization's performance.Nonfinancial measures can be either qualitative or quantitative.Indicate by placing an "X" in the appropriate column whether the following nonfinancial measures are internal operating measures or customer-oriented measures and whether they are financial or nonfinancial.

Accepted Answer

The answer of Financial measures alone do not capture all...

Question 11

Measures that can be determined only after something is finished are called

Accepted Answer

A) Post-operations indicators 
B) Lagging indicators 
C) Input indicators 
D) Objective indicator 
A) Post-operations indicators 
B) Lagging indicators 
C) Input indicators 
D) Objective indicator

To balance the scorecard,organizations should select all of the following except

Which of the following is $\textbf{ not }$ one of the four balanced scorecard perspectives?

Which of the following kinds of companies would a bass boat manufacturing company $\textbf{ not }$ want to benchmark?

Which of the following is $\textbf{ not }$ an example of an internal operating nonfinancial measure?

Measures that are predictors of your ultimate performance on a particular activity are referred to as predictor indicators.

After selecting the appropriate measures,managers should

A balanced scorecard should include five to seven measures in each of four perspectives: Learning and growth,internal business processes,customer,and financial. Required: List five measures that relate to the internal business processes perspective.

Measures that can be determined only after something is finished are called

Accounting As a Tool for Management

Cost Behavior and Cost Estimation Summary of Questions by Objectives and Blooms Taxonomy

Cost-Volume-Profit Analysis and Pricing Decisions

Product Costs and Job Order Costing

Planning and Forecasting

Performance Evaluation: Variance Analysis

Activity-Based Costing and Activity Based Management

Using Accounting Information to Make Managerial Decisions

Capital Budgeting

Decentralizing and Performance Evaluation

Financial Statement Analysis

Statement of Cash Flows

Topic Focus: Process Costing

Topic Focus Variable and Absorption Costing

Topic Focus Standard Costing Systems

Topic Focus Customer Profitability

Filters

Exam 11: Performance Evaluation Revisited: a Balanced Approach

To balance the scorecard,organizations should select all of the following except

Which of the following is not \textbf{ not } not one of the four balanced scorecard perspectives?

Which of the following kinds of companies would a bass boat manufacturing company not \textbf{ not } not want to benchmark?

Which of the following is not \textbf{ not } not an example of an internal operating nonfinancial measure?

Measures that are predictors of your ultimate performance on a particular activity are referred to as predictor indicators.

After selecting the appropriate measures,managers should

A balanced scorecard should include five to seven measures in each of four perspectives: Learning and growth,internal business processes,customer,and financial. Required: List five measures that relate to the internal business processes perspective.

Measures that can be determined only after something is finished are called

Accounting As a Tool for Management

Cost Behavior and Cost Estimation Summary of Questions by Objectives and Blooms Taxonomy

Cost-Volume-Profit Analysis and Pricing Decisions

Product Costs and Job Order Costing

Planning and Forecasting

Performance Evaluation: Variance Analysis

Activity-Based Costing and Activity Based Management

Using Accounting Information to Make Managerial Decisions

Capital Budgeting

Decentralizing and Performance Evaluation

Financial Statement Analysis

Statement of Cash Flows

Topic Focus: Process Costing

Topic Focus Variable and Absorption Costing

Topic Focus Standard Costing Systems

Topic Focus Customer Profitability

Filters

Which of the following is $\textbf{ not }$ one of the four balanced scorecard perspectives?

Which of the following kinds of companies would a bass boat manufacturing company $\textbf{ not }$ want to benchmark?

Which of the following is $\textbf{ not }$ an example of an internal operating nonfinancial measure?