Exam 14: Strategy, Balanced Scorecard, and Strategic Profitability Analysis

Andes Ski Company management is considering the cost effect of growth for conversion costs if they produce the same amount of products in 2013 as they did in 2012.In 2012,the company produced 580,000 pairs of skis at a cost of $180 per pair. Required Compute the cost effect of growth for conversion costs at Andes Ski Company for an identical output between 2012 and 2013.

Which of the following is not a result of empowering the workforce and process improvement?

Why is it beneficial for managers to master the strategic analysis of operating income?

In which step of the five-step decision-making framework does a manager compare actual performance to targeted performance on the balanced scorecard?

Which of the following is a perspective the scorecard uses to measure the internal operations that create value for customers?

Sun-Bright Fixtures Company is evaluating a change in operating income between 2012 and 2013.Management has compiled the following data: Required Compute the operating incomes for 2012 and 2013 and the change in operating income.Identify whether the change is a favorable change,F,or an unfavorable,U,variance.

________ specifies how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its objectives.

Which of the following is a perspective the scorecard uses to measure the people and system capabilities that support operations?

Which of the following is not a measure of the learning-and-growth perspective?

The managerial accountant at Consumer Candy Company is assessing a sales volume variance between fiscal years 2011 and 2012.In 2011,sales volume was 1,670,000 cases of mixed candy;and,in 2012,a sales volume of 1,495,000 was recorded.The price per case of Candid Candy Mixed Candy was $68.42 for both years. Required Compute the revenue effect of growth in 2011 and 2012.Identify whether the variance is favorable,F,or unfavorable,U.

To understand unused capacity,it is necessary to distinguish engineered costs and ________.

Which of the following is not an initiative of the internal-business-process perspective?

Financial measures simply serve as leading indicators for the hard-to-measure short-run financial performance.

Unused capacity is the amount of productive capacity available over and above the productive capacity employed to meet customer demand in the current period.

Managers do not need to train workers in quality-management techniques to identify root causes of defects because they do not take action to improve quality.

Managers find that an important form of productivity improvement is eliminating excess,unused capacity for engineered costs.

The measures that a company uses to track performance depend on its strategy;this is called a "balanced scorecard."

Why do managers at organizations build internal capabilities by reengineering processes?

The balanced scorecard reduces managers' emphasis on ________,such as quarterly earnings.

The growth component measures change in output prices compared with changes in input prices.