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I need help with these 8 multiple-choice questions about management accounting and control, if all the anwsers are correct then there will be tips and
I need help with these 8 multiple-choice questions about management accounting and control, if all the anwsers are correct then there will be tips and get 5 stars rates, thanks a lot!
1. Measures that monitor the factors that drive outcomes are called: Select one: a. cause and effect indicators. b. benchmark indicators. c. lead indicators. d. lag indicators. 2. Assuming you must choose one measure only, which of the following non-financial performance indicators would most likely be chosen to measure quality? Select one: a. Machine downtime b. Percentage of idle time c. Number of repeat orders d. Percentage of absenteeism 3. On which of the following does a balanced scorecard approach focus on? Select one: a. Critical success factors b. All of the given answers c. Strategic objectives d. Performance measures at all levels of the business 4. Which of the following about a strategic performance measurement system (SPMS) is incorrect? Select one: a. It is a system that focuses on translating a strategy into financial and non-financial measures. b. SPMS requires linking performance measures in cause-and-effect relationships. c. SPMS always require the development of a strategy map first, followed by a balanced scorecard. d. SPMS can be used by non-profit organisations. 5. 5.Performance measures, which include cost, product quality and manufacture cycle time, are related to: Select one: a. financial perspective. b. internal business processes. c. learning and growth. d. customer perspective. 6. 6.Individual reward schemes have which of the following advantages? i. They relate to individual effort. ii. They reward only good performers. iii. They discourage dysfunctional competition between individuals. Select one: a. i and ii b. ii and iii c. None of the given answers d. i and iii 7. 7.Which of the following is/are an extrinsic reward? Select one: a. Job satisfaction b. Share options c. Share options AND promotion d. Promotion 8.The internal business process perspective of a balanced scorecard may contain which of the following set of performance measures? Select one: a. Sales force efficiency, scrap costs, percentage of machine downtime b. Number of incorrect deliveries to customers, production cycle time, profit margin c. Defect costs, employee satisfaction rating, number of customer complaints d. .Sales force efficiency, percentage of warranty claims, number of employees completed internal trainingStep by Step Solution
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