Answer the following MCQ's

Which of the following is not a role of Performance Measurement Systems?

a.Supported strategic planning and target setting

b.Enhanced decision making and control

c.Avoiding manipulation of results

d.Improved communication

Which of the following is a step when designing a Performance Measurement System?

a.The performance measurement system must be integrated with the overall strategy of the business.

b.The performance measurement system must have several levels.

c.There does not need to be a system of regular feedback and review of actual results.

d.The system must be owned and supported by a third party.

Which of the following can be said to have the most influential impact on the price a business can charge for their products or services?

a.The product/service build/delivery cost

b.The features the product or service has/offers

c.The design of the product or service

d.Scarcity of the product or service

Which of the following can best describe the elasticity of demand?

a.How sensitive demand is for goods/services compared to changes in price or other factors.

b.Changes in demand due to quality issues.

c.The changes in supply when demand grows.

d.Changes in demand when a marketing campaign is enabled.

The Margin of Safety is described as:

a.The number of units the business's director wants to make in the year.

b.The level of sales that a business makes in a recession.

c.The level of costs that the business incurs in calculating the Breakeven Point

d.The difference between the required sales and the Breakeven sales.

Which of the following is the Management Theory that helps managers understand the time required for employees to make products?

a.Standard Costing

b.Management by Exception

c.McDonaldization

d.Learning Curve Theory