In context of performance measurement, what is a construct?

A. The performance measure that is constructed by the management accountant

B. The concept or characteristic that we want to measure

C. The complete performance measurement system

D. A report that is constructed to display performance measures

A specialty shop sells its ice cream cones with your choice of any three toppings for 2.95. The cost of the ingredients of each variety of cone is 1.00, the labour to make the cone is 0.50 and the operating expenses per cone is 0.25. The throughput from the sale of one cone is:

A. .2.45

B. 2.95

C. 1.95

D. 2.25

Khushru designs and manufacturers electric cars. It only has the funds to invest in developing one of four possible new cars. The returns generated by each car (in present value terms) will depend on future market conditions and these have been estimated in the table below: Market conditions Probability Cit-E Su-E Sport-E E-xec Poor 0.3 10m 8m 5m 2m Average 0.5 11m 12m 13m 12m Good 0.2 12m 14m 15m 20m Which car would invest in considering the expected value?

A. Cit-E

B. Su-E

C. Sport-E

D. E-xec