Exam 18: Performance Measurement to Support Business Strategy

The concept of a balanced scorecard is to measure how well the organization is doing from the view of employees,suppliers,customers,business partners,and the community,as well as the shareholders.This is the basic idea behind the balanced scorecard.

(True/False)

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Question 61

A balanced scorecard is basically a balance sheet prepared using nonfinancial measures.A balanced scorecard is more than multiple performance measures.

(True/False)

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Question 62

In general,the use of multiple measures to evaluate performance is better than the use of a single performance measure.Single measures can only reflect a single characteristic while a manager's job is multi-faceted.

(True/False)

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Question 63

The Alma Company collected the following information (in days): What is the manufacturing cycle time?

(Multiple Choice)

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Question 64

The Baxter Milling Co.has the following information for last year: The partial productivity for materials is:

(Multiple Choice)

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Question 65

The primary objective of benchmarking is to evaluate performance of an activity,operation,or organization relative to the performance by other companies.This is a basic definition of benchmarking.

(True/False)

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Question 66

A business model attempts to minimize problems associated with:

(Multiple Choice)

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Question 67

In general,performance measures-financial and nonfinancial-should relate to what managers at different levels control.Managers should be measured on what they can control.

(True/False)

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Question 68

The ABC Manufacturing Company collected the following information (in days): What is the manufacturing cycle time?

(Multiple Choice)

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Question 69

In general,a balanced scorecard is used to evaluate an organization's performance using:

(Multiple Choice)

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Question 70

Which of the following balanced scorecard perspectives focuses on employee development?

(Multiple Choice)

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Question 71

Partial factor productivity is the ratio of the value of output to the value of all key inputs.This is total factor productivity.

(True/False)

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Question 72

Which of the following represents value-added time in the manufacturing cycle?

(Multiple Choice)

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Question 73

Benchmarks are used to evaluate the performance of an activity or operation relative to other organizations or other parts of one's own organization.Which of the following is not a guideline for using benchmarks to evaluate performance?

(Multiple Choice)

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Question 74

Manufacturing cycle efficiency is computed by dividing process time by:

(Multiple Choice)

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Question 75

One reason financial measures are used to evaluate performance is that they are easily quantifiable.Financial measures by definition are quantitative.

(True/False)

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Question 76

The Lutsen Machining Co.has the following information for last year: The partial productivity for labor is:

(Multiple Choice)

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Question 77

Functional performance measures differ from customer satisfaction performance measures in that they are used primarily to evaluate:

(Multiple Choice)

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Question 78

Which of the following statements is (are)false regarding financial measures? (A)In general,the use of multiple measures to evaluate performance is better than the use of a single performance measure.(B)Managers evaluated using multiple measures will most likely act differently than managers evaluated using single measures.

(Multiple Choice)

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Question 79

Scottso Enterprises has provided the following information for last year: The total factor productivity measure is:

(Multiple Choice)

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Question 80

Showing 61 - 80 of 91

The concept of a balanced scorecard is to measure how well the organization is doing from the view of employees,suppliers,customers,business partners,and the community,as well as the shareholders.This is the basic idea behind the balanced scorecard.

A balanced scorecard is basically a balance sheet prepared using nonfinancial measures.A balanced scorecard is more than multiple performance measures.

In general,the use of multiple measures to evaluate performance is better than the use of a single performance measure.Single measures can only reflect a single characteristic while a manager's job is multi-faceted.

The Alma Company collected the following information (in days): What is the manufacturing cycle time?

The Baxter Milling Co.has the following information for last year: The partial productivity for materials is:

The primary objective of benchmarking is to evaluate performance of an activity,operation,or organization relative to the performance by other companies.This is a basic definition of benchmarking.

A business model attempts to minimize problems associated with:

In general,performance measures-financial and nonfinancial-should relate to what managers at different levels control.Managers should be measured on what they can control.

The ABC Manufacturing Company collected the following information (in days): What is the manufacturing cycle time?

In general,a balanced scorecard is used to evaluate an organization's performance using:

Which of the following balanced scorecard perspectives focuses on employee development?

Partial factor productivity is the ratio of the value of output to the value of all key inputs.This is total factor productivity.

Which of the following represents value-added time in the manufacturing cycle?

Benchmarks are used to evaluate the performance of an activity or operation relative to other organizations or other parts of one's own organization.Which of the following is not a guideline for using benchmarks to evaluate performance?

Manufacturing cycle efficiency is computed by dividing process time by:

One reason financial measures are used to evaluate performance is that they are easily quantifiable.Financial measures by definition are quantitative.

The Lutsen Machining Co.has the following information for last year: The partial productivity for labor is:

Functional performance measures differ from customer satisfaction performance measures in that they are used primarily to evaluate:

Scottso Enterprises has provided the following information for last year: The total factor productivity measure is:

Cost Accounting: Information for Decision Making

Cost Concepts and Behavior

Fundamentals of Cost-Volume-Profit Analysis

Fundamentals of Cost Analysis for Decision Making

Cost Estimation

Fundamentals of Product and Service Costing

Job Costing

Process Costing

Activity-Based Costing

Fundamentals of Cost Management

Service Department and Joint Cost Allocation

Fundamentals of Management Control Systems

Planning and Budgeting

Business Unit Performance Measurement

Transfer Pricing

Fundamentals of Variance Analysis

Additional Topics in Variance Analysis

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