1. The balanced scorecard measures financial and nonfinancial performance of a business. The balanced scorecard measures four areas. Identify one of the following that is not included as a performance measurement. a. Internal Process b. Financial C. Innovation and Learning d. Employees The budgetary unit of an organization which is led by a manager who has both the authority over and responsibility for the unit's performance is known as a: a. control center b. budgetary area c. responsibility center d. managerial department 2. 3. When management seeks to achieve personal departmental objectives that may work to the detriment of the entire company, the manager is experiencing: a. budgetary slack b. padding c. goal conflict d. cushions Which of the following budgets allow for adjustments in activity levels? a. Static Budget b. Continuous Budget c. Zero-Based Budget d. Flexible Budget 4. 5. Scott Manufacturing Co.'s static budget at 10,000 units of production includes $40,000 for direct labor and $4,000 for electric power. Total fixed costs are $23,000. At 12,000 units of production, a flexible budget would show: a. variable costs of $52,800 and $27,600 of fixed costs b. variable costs of $44,000 and $23,000 of fixed costs c. variable costs of $52,800 and $23,000 of fixed costs d. variable and fixed costs totaling $67,000 wing would be most effective in a small owner/manager-operated business? Which of the follo a. Profit centers b. Centralization c. Investment centers d. Cost centers 6