Multiple Choice - Theories - Answer only. No need for explanation. Thank you!

1. Which question corresponds to a balanced scorecard measure based on internal business processes perspective?

A. How do we look to the firm's owners?

B. How do customers see us?

C. In which activities must we excel?

D. How can we continually improve and create value?

E. None of the above

2. Which is one of the purpose of budgeting?

A. Budgeting function

B. Motivational function

C. Staffing function

D. Favorable function

E. None of the above

3. Which of the following is an example of an efficiency measure?

A. The rate of absenteeism

B. The goal of becoming a leader manufacturer

C. The number of insurance claims processed per day

D. The rate of customer complaints

E. None of the above

4. If the cost function is Y= a+bx, which method should not be used in estimating cost?

A. Graphic method

B. Simple regression

C. HL method

D. Multiple regression

E. None of the above

5. It summarized the planned activities of all sub-units of an organization - sales, production,distribution and finance and quantifies target for sales, cost driver activity, purchases,production, net income, cash position, and any other objective that management specifies.

A. Capital budget

B. Fixed budget

C. Zero-based budgeting

D. Master budget

E. None of the above

6. Company A uses a pricing approach where the initial price for a product is set high and then lowered, and Company B uses an approach where initial prices are set low in an effort to gain market share. What terms best describe these practices?

A. Company A - Predatory; Company B - Skimming

B. Company A - Penetration; Company B - Predatory

C. Company A - Skimming; Company B - Penetration

D. Company A - Skimming; Company B - Predatory

E. Company A - Predatory; Company B - Penetration

7. Financial and managerial accounting differ in a number of ways. In contrast to financial accounting, managerial accounting

A. focuses on providing data for external users.

B. emphasizes relevance and flexibility rather than precision.

C. is mandatory

D. is governed by Generally Accepted Accounting Principles.

8. The Gross profit increased by 100,000. There is also an increase in sales price by 10%. Based on the given facts, we can conclude that

A. Sales increased in CY

B. Sales decreased in CY

C. Sales price variance is unfavorable

D. Sales Qty variance is favorable

E. None of the above

9. What is a Key Performance Indicator?

A. A way to assess employee behavior.

B. A measurable value for tracking business goals.

C. A synopsis of a business' digital marketing.

D. A look back at all the previous year's objectives.

E. None of the above

10. It is the process of stating in quantitative terms of operations, usually in units and pesosand plan their organizational activities for a given period of time. It involves definingor outlining the sources and uses of financial and other resources of the company.

A. Planning

B. Forecasting

C. Controlling

D. Managing

E. None of the above

11. Twice Company has two divisions, one located in Cebu called Dahyun Division and the other located in Pampanga called Chaeyoung Division. Dahyun sells a specialized circuit to Chaeyoung and just recently raised the circuit's transfer price. This price hike had no effect on the volume of circuits transferred nor on Chaeyoung's option of acquiring the circuit from either Dahyun or from an external supplier. With this information, which of the following statements is most correct?(1 Point)

A. The profit reported by Dahyun will increase and the profit reported by Chaeyoung will decrease.

B. The profit reported by Dahyun will increase, the profit reported by Chaeyoung will decrease, and Twice's profit will be unaffected.

C. The profit reported by Dahyun will decrease, the profit reported by Chaeyoung will increase, and Twice's profit will be unaffected.

D. The profit reported by Dahyun and the profit reported by Chaeyoung will be unaffected.