Question

41.      The balanced scorecard is used to tie performance measures to which of the following?

a.	organizational goals.
b.	short-term objectives only.
c.	long-term objectives only.
d.	regulatory requirements.

        

42.      Which of these is the perspective of the balanced scorecard that includes supplier relationships and outsourcing?

a.	financial perspective.
b.	internal business and production process perspective.
c.	learning and growth perspective.
d.	customer perspective.

43.      Why do managers often have incentives for committing financial fraud?

a.	Bonuses, merit pay increases, and promotions often depend on reported accounting numbers.
b.	Managers given a long-term perspective by their employment and pay arrangements will have an incentive to "manager earnings."
c.	Bonuses, merit pay increases, and promotions often depend on reported accounting numbers, andmanagers given a long-term perspective by their employment and pay arrangements will have an incentive to "manager earnings."
d.	None of the answers is correct.

44.      In 1977, Congress addressed foreign bribes paid by U.S. Companies by passing which of the following acts?

a.	Foreign Anti-bribery Practices Act.
b.	Foreign Corruption Act.
c.	Foreign Corrupt Practices Act.
d.	Foreign Bribery and Corruption Act.

Answer 1

Solution. 41.The correct answer is a)organizational goals

Explanation: The balanced scorecard encompasses option b,c,d to meet organizational goals by taking into account all activities performed by the organization's employees to develop and implement strategy for smooth run of organization in competitive business economic market and to ignore loss.

42. The correct answer is a)financial perspective

Explanation: Supplier relationships and outsourcing comes under financial perspective which takes into account company's financial activities records for computation. Option b encompasses company's performance of activities including goods and services and internal costs. Option c involves organizational capacity linked to growth and learning perspective. Option d as the name suggests revolve around customer's satisfaction.

43. The correct answer is c

Explanation: All of the reasons mentioned in options a,b,c can contribute to manager's incentives for committing financial fraud. Option d holds invalid.

44. The correct answer is option c

Explanation: In 1977, Congress addressed foreign bribes paid by U.S. companies by passing Foreign Corrupt Practices Act. Other options hold invalid.