Question 1

____ describe the relationships of a firm's value chain activities that are performed with its suppliers and customers.

Accepted Answer

A)   External linkages
B)   Internal linkages
C)   Industrial value chain
D)   Both a and b A

Question 2

When a computer company selects a mix of strategies in order to create sustainable competitive advantage, it is following a

Accepted Answer

A)   focusing strategy.
B)   low-cost strategy.
C)   differentiation strategy.
D)   strategic positioning strategy. D

Question 3

____ are outcome measures that are expressed in monetary terms.

Accepted Answer

A)   Objective measures
B)   External measures
C)   Financial measures
D)   Lag measures C

Question 4

Why does the Balanced Scorecard differ from company to company? Whose responsibility is the implementation?

Accepted Answer

The answer of Why does the Balanced Scorecard differ from...

Question 5

When a computer company targets customers in the South, it is following a

Accepted Answer

A)   focusing strategy.
B)   low-cost strategy.
C)   differentiation strategy.
D)   strategic positioning strategy.

Question 6

Which of the following would be a lead measure?

Accepted Answer

A)   customer profitability
B)   cost per employee
C)   return on investment
D)   employee training hours

Question 7

The industrial value-chain analysis

Accepted Answer

A)   recognizes only complex linkages within the firm.
B)   is not compatible with differentiation strategies.
C)   determines a linked set of value-creating activities.
D)   requires a firm to operate across the entire value chain.

Question 8

Hampton, SA., manufactures a product that experiences the following activities:  The manufacturing cycle efficiency (MCE) for the product is

Accepted Answer

A)   0.33.
B)   0.27.
C)   0.25.
D)   0.18.

Question 9

Objectives for increasing revenue growth include

Accepted Answer

A)   adopting a new pricing strategy.
B)   reducing the cost per unit.
C)   eliminating nonvalue-added activities.
D)   reducing distribution channel cost.

Question 10

When a computer company increases the internal storage space for the same price, it is following a

Accepted Answer

A)   focusing strategy.
B)   low-cost strategy.
C)   differentiation strategy.
D)   strategic positioning strategy.

Question 11

____ is creating better customer value for the same or lower cost than competitors or creating equivalent value for lower cost than offered by competitors.

Accepted Answer

A)   Strategic decision making
B)   Strategic cost management
C)   Competitive advantage
D)   Total product

Question 12

Which of the following is not a step in developing the Balanced Scorecard?

Accepted Answer

A)   setting balanced objectives
B)   outlining control procedures
C)   setting target values
D)   rewards

Question 13

____ are outcome measures that can be readily quantified and verified.

Accepted Answer

A)   Objective measures
B)   External measures
C)   Financial measures
D)   Lag measures

Question 14

____ is the use of cost data to develop and identify superior strategies that will produce a sustainable competitive advantage.

Accepted Answer

A)   Strategic decision making
B)   Strategic cost management
C)   Competitive advantage
D)   Customer value

Question 15

____ are outcome measures that relate to customers.

Accepted Answer

A)   Objective measures
B)   External measures
C)   Financial measures
D)   Lag measures

Question 16

____ are outcome measures that are a result of past efforts.

Accepted Answer

A)   Objective measures
B)   External measures
C)   Financial measures
D)   Lag measures

Question 17

____ involves choosing among alternative strategies with the goal of selecting a strategy, or strategies, that provides a company with reasonable assurance of long-term growth and survival.

Accepted Answer

A)   Strategic decision making
B)   Strategic cost management
C)   Competitive advantage
D)   Customer value

Question 18

When a computer company maintains the internal storage space for a lower price, it is following a

Accepted Answer

A)   focusing strategy.
B)   low-cost strategy.
C)   differentiation strategy.
D)   strategic positioning strategy.

Question 19

For a firm to have balanced measures, the measures selected must be balanced between

Accepted Answer

A)   lag and lead measures.
B)   objective and subjective measures.
C)   financial and nonfinancial measures.
D)   all of these.

Question 20

Roberts, SA., manufactures a product that experiences the following activities:  The MCE for the product is

Accepted Answer

A)   0.48.
B)   0.45.
C)   0.42.
D)   0.30.

Exam 22: Strategic Management Accounting

____ describe the relationships of a firm's value chain activities that are performed with its suppliers and customers.

When a computer company selects a mix of strategies in order to create sustainable competitive advantage, it is following a

____ are outcome measures that are expressed in monetary terms.

Why does the Balanced Scorecard differ from company to company? Whose responsibility is the implementation?

When a computer company targets customers in the South, it is following a

Which of the following would be a lead measure?

The industrial value-chain analysis

Hampton, SA., manufactures a product that experiences the following activities: The manufacturing cycle efficiency (MCE) for the product is

Objectives for increasing revenue growth include

When a computer company increases the internal storage space for the same price, it is following a

____ is creating better customer value for the same or lower cost than competitors or creating equivalent value for lower cost than offered by competitors.

Which of the following is not a step in developing the Balanced Scorecard?

____ are outcome measures that can be readily quantified and verified.

____ is the use of cost data to develop and identify superior strategies that will produce a sustainable competitive advantage.

____ are outcome measures that relate to customers.

____ are outcome measures that are a result of past efforts.

____ involves choosing among alternative strategies with the goal of selecting a strategy, or strategies, that provides a company with reasonable assurance of long-term growth and survival.

When a computer company maintains the internal storage space for a lower price, it is following a

For a firm to have balanced measures, the measures selected must be balanced between

Roberts, SA., manufactures a product that experiences the following activities: The MCE for the product is