Homework Answers
B. The emphasis on financial and non-financial performance measurements
Answer -
The balanced scorecard approach is used to improve organizational performance.
"Balanced" in the balanced scorecard approach is the empahasis on financial and non-finanacial performances measurements.
Hence, Option - (B) is Correct.
Note - Option - (A), Option - (C) and Option - (D) are incorrect, because all these statement are false regarding to the balanced scorecard approach.
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Cardinal Corporation is preparing its balanced scorecard for the past quarter. The balanced scorecard contains four...
Cardinal Corporation is preparing its balanced scorecard for the
past quarter. The balanced scorecard contains four perspectives:
financial, customer, internal business process, and learning and
growth.
Cardinal Corporation
Balanced Scorecard Report
For Quarter Ended December 31
Perspective:
Goal
Objective KPI
Goal
Actual
Achieved?
Financial:
Customer:
Through its strategic management planning process,
CardinalCardinal
Corporation has selected two specific objectives for each of the
four perspectives; these specific objectives are listed in the
following table.
Specific Objective
1.
Increase sales of...
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CH 22 #5
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4. Wasson Company reported the following year-end information: Beginning work in process inventory Beginning raw materials inventory Ending work in process inventory Ending raw materials inventory Raw materials purchased Direct labor Manufacturing overhead S 35,000 18,000 38,000 15,000 560,000 210,000 120,000 How much is Wasson's total cost of work in process for the year? A) $890,000 B) $928,000 C) $893,000 D) $925,000 Cost of goods manufactured equals $85,000 for 2019. Finished goods inventory is $2,000 at the beginning of the...
Cardinal Corporation is preparing its balanced scorecard for the
past quarter. The balanced scorecard contains four perspectives:
financial, customer, internal business process, and learning and
growth.
Cardinal Corporation
Balanced Scorecard Report
For Quarter Ended December 31
Perspective:
Goal
Objective KPI
Goal
Actual
Achieved?
Financial:
Customer:
Through its strategic management planning process,
CardinalCardinal
Corporation has selected two specific objectives for each of the
four perspectives; these specific objectives are listed in the
following table.
Specific Objective
1.
Increase sales of...
Classify each of the following key performance indicators according to the balanced Scorecard perspective it addresses. Choose from financial perspective, customer perspective, internal business perspective, or learning and growth perspective. Perspective Performance Indicator a. Variable cost per unit b. Percentage of market share c. Number of hours of employee training d. Number of new products developed e. Yield rate (number of units produced per hour) f. Average repair time g. Employee satisfaction h. Number of repeat customers Internal business perspective
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If you were charged with creating a balanced scorecard for Steve Ellis, what SMART goals (see Chapter 5). Would you use as standards to assess performance in the four categories in your scorecard? Develop one SMART goal for each scorecard category. used by Chipotle? Discuss. SicK 3. If you were charged with creating a balanced scorecard for Steve Ellis, what SMART goals (see Chapter 5), would you use as standards to assess performance in the four categories in your scorecard?...
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CH 22 #5
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