What is a balanced scorecard? A. Management considers both financial and operational performace measures B. Management...
What is a balanced scorecard?
A. Management considers both financial and operational performace measures
B. Management considers only lag indicators
C. Management considers only operational performace measures
D. Management considers only financial performace measures
Homework Answers
| Option A is the answer | |
|
Balanced scorecard is a method used by the management in evaluating the financial and operational performance of an investment center. Comment if you face any issues |
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What is a balanced scorecard? A. Management considers both financial and operational performace measures B. Management...
Which of the following statements about the Balanced Scorecard is true? a. An effective balanced scorecard...
Which of the following statements about the Balanced Scorecard is true? a. An effective balanced scorecard will create a strategy map and validate the cause-and-effect relationships between measures in the four perspectives and financial outcomes. b. The four balanced scorecard ‘perspectives’ used by all companies are the: operational, investing, financing, and customer perspectives. c. A balanced scorecard is commonly used to evaluate investment decisions.
Which of the following is not correct about the balanced scorecard? A) profits and value created...
Which of the following is not correct about the balanced scorecard? A) profits and value created for shareholders are perspectives revealed on a balance scorecard B) nonfinancial and operational indicators are reported on a balance scorecard C) the balanced scorecard reveals information about the success of the company in its target market D) the balance scorecard increases managements emphasis on short-term results
A balanced scorecard: a. Emphasizes financial performance b. Caters to the needs of the employees c....
A balanced scorecard: a. Emphasizes financial performance b. Caters to the needs of the employees c. Tries to meet the organization's responsibilities to stakeholders d. Is just a set of multiple performance measures
Which of the following statements is true of successfully implementing a balanced scorecard? A) External auditors...
Which of the following statements is true of successfully implementing a balanced scorecard? A) External auditors should design and implement the balanced scorecard. B) Balanced scorecard should never be communicated to all employees. C) Balanced scorecard should be formed exclusively by top management. D) Management accountants should determine the balanced scorecard measures.
R3. 4: The typical balanced scorecard measures organizational performance in which of the following categories? A....
R3. 4: The typical balanced scorecard measures organizational performance in which of the following categories? A. Financial, Output, Process, Input B. Strategic, Financial, Customer, Learning C. Financial, Customer, Process, Learning D. Supplier, Process, Customer, Financial
Balanced Scorecard, Perspectives, Classification of Performance Measures Consider the following list of scorecard measures: Required: Classify...
Balanced Scorecard, Perspectives, Classification of Performance Measures Consider the following list of scorecard measures: Required: Classify each measure according to the following: perspective, financial or nonfinancial, subjective or objective, and external or internal. When the perspective is process, identify which type of process: innovation, operations, or post-sales service. a. Product profitability b. Ratings from customer surveys c. Number of patents pending d. Strategic job coverage ratio e. Revenue per employee f. Quality costs g. Percentage of market h. Employee turnover...
One subunit of Field Sports Company had the following financial results last month: (Click the icon...
One subunit of Field Sports Company had the following financial results last month: (Click the icon to view the financial results.) Read the requirements Requirement 1. Complete the performance evaluation report for the subunit. (Enter a variance for each account as a positive number and select whether the variance is favorable or unfavorable. Enter the variance percent as a percentage rounded to two decimal places, X.XX%) Actual Flexible Flexible Budget % Variance Subunit x Results Budget Variance (For U) (For...
41. The balanced scorecard is used to tie performance measures to which of the following? a. organizational...
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...
Waterfield Company has three decentralized segments. Executive managers are looking for a way to measure the...
Waterfield Company has three decentralized segments. Executive managers are looking for a way to measure the performance of each segment. Which of the following metrics might be used for this purpose? a. the material quantity variance in each segment b. the return on investment of each segment c. the operating cash flows for the entire company d. the number of training sessions provided to employees in each segment A company's balanced scorecard may include a. both nonfinancial and financial metrics...
The approach of evaluating managerial performance using multiple criteria employing both quantitative and qualitative measures is...
The approach of evaluating managerial performance using multiple criteria employing both quantitative and qualitative measures is called: A. responsibility accounting B. management by exception C. balanced scorecard D. variance analysis
Balanced Scorecard, Perspectives, Classification of Performance Measures Consider the following list of scorecard measures: Required: Classify each measure according to the following: perspective, financial or nonfinancial, subjective or objective, and external or internal. When the perspective is process, identify which type of process: innovation, operations, or post-sales service. a. Product profitability b. Ratings from customer surveys c. Number of patents pending d. Strategic job coverage ratio e. Revenue per employee f. Quality costs g. Percentage of market h. Employee turnover...
One subunit of Field Sports Company had the following financial results last month: (Click the icon to view the financial results.) Read the requirements Requirement 1. Complete the performance evaluation report for the subunit. (Enter a variance for each account as a positive number and select whether the variance is favorable or unfavorable. Enter the variance percent as a percentage rounded to two decimal places, X.XX%) Actual Flexible Flexible Budget % Variance Subunit x Results Budget Variance (For U) (For...
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