Exam 25: Rewarding Business Performance

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A common criticism of capital ROI as a performance measurement criterion is that it encourages a long-term orientation sometimes to the detriment of shorter-term planning.

(True/False)

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Question 41

The balanced scorecard approach attempts to measure whether an organization is meeting its strategic goals.

(True/False)

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Question 42

Bonuses may be used to reward employees who meet performance goals.

(True/False)

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Question 43

Dwyer Company's ROI is 6% and its return on sales is 16%.What is its capital turnover?

(Multiple Choice)

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Question 44

Which ratio tells managers about how the invested capital is generating sales dollars?

(Multiple Choice)

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Question 45

Which of the following is not a way an accounting system can generate motivation?

(Multiple Choice)

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Question 46

In considering customer's needs,the balanced scorecard method will look at:

(Multiple Choice)

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Question 47

In an effort to boost his department's ROI,the manager of an automobile repair shop prioritizes repairs that use his department's car lift (its major capital investment).However,the car company's CEO would actually prefer that a more comprehensive approach to car repairs be used across multiple departments.The CEO's favored approach would be better for the company overall,although it would hurt the department manager's personal ROI.Which of the following would be an appropriate response?

(Multiple Choice)

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Question 48

Which of the following is not one of the balanced scorecard lenses?

(Multiple Choice)

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Question 49

The return on investment is calculated by:

(Multiple Choice)

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Question 50

Management compensation plans:

(Multiple Choice)

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Question 51

The return on investment is calculated by multiplying the capital turnover by the return on sales.

(True/False)

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Question 52

Return on investment (ROI)tells us how much earnings can be expected for the average invested dollar.

(True/False)

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Question 53

The value chain usually starts with the and ends with the .

(Multiple Choice)

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Question 54

The set of activities necessary to create and distribute a desirable product or service to a customer is known as:

(Multiple Choice)

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Question 55

Most organizations try to achieve their goals by providing incentives to employees who use resources wisely.

(True/False)

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Question 56

Clancy Stores has sales of $1,574,000,cost of sales of $653,000,and operating expenses of $292,000.What is Clancy's return on sales?

(Multiple Choice)

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Question 57

The value chain consists of only those activities that increase the selling price of a product as it is distributed to a customer.

(True/False)

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Question 58

To increase return on sales,a manager could decrease cost of goods sold while increasing revenues.

(True/False)

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Question 59

The Parry Company provided the following information regarding its operations: What is Parry's ROI for the year ending 2018? (Round your answer to 2 decimal places. )

(Multiple Choice)

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Question 60

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Exam 25: Rewarding Business Performance

A common criticism of capital ROI as a performance measurement criterion is that it encourages a long-term orientation sometimes to the detriment of shorter-term planning.

The balanced scorecard approach attempts to measure whether an organization is meeting its strategic goals.

Bonuses may be used to reward employees who meet performance goals.

Dwyer Company's ROI is 6% and its return on sales is 16%.What is its capital turnover?

Which ratio tells managers about how the invested capital is generating sales dollars?

Which of the following is not a way an accounting system can generate motivation?

In considering customer's needs,the balanced scorecard method will look at:

Which of the following is not one of the balanced scorecard lenses?

The return on investment is calculated by:

Management compensation plans:

The return on investment is calculated by multiplying the capital turnover by the return on sales.

Return on investment (ROI)tells us how much earnings can be expected for the average invested dollar.

The value chain usually starts with the ________ and ends with the ________.

The set of activities necessary to create and distribute a desirable product or service to a customer is known as:

Most organizations try to achieve their goals by providing incentives to employees who use resources wisely.

Clancy Stores has sales of $1,574,000,cost of sales of $653,000,and operating expenses of $292,000.What is Clancy's return on sales?

The value chain consists of only those activities that increase the selling price of a product as it is distributed to a customer.

To increase return on sales,a manager could decrease cost of goods sold while increasing revenues.

The Parry Company provided the following information regarding its operations: What is Parry's ROI for the year ending 2018? (Round your answer to 2 decimal places. )

Accounting: Information for Decision Making

Basic Financial Statements

The Accounting Cycle: Capturing Economic Events

The Accounting Cycle: Accruals and Deferrals

The Accounting Cycle: Reporting Financial Results

Merchandising Activities

Financial Assets

Inventories and the Cost of Goods Sold

Plant and Intangible Assets

Liabilities

Stockholders Equity: Paid-In Capital

Income and Changes in Retained Earnings

Statement of Cash Flows

Financial Statement Analysis

Global Business and Accounting

Management Accounting

Job Order Cost Systems and Overhead Allocations

Process Costing

Costing and the Value Chain

Cost-Volume-Profit Analysis

Incremental Analysis

Responsibility Accounting and Transfer Pricing

Operational Budgeting

Standard Cost Systems

Capital Budgeting

the Time Value of Money: Future Amounts and Present Values

Forms of Business Organization

Filters

The value chain usually starts with the and ends with the .