QUESTION 1

1. Which of the following would be subject to evaluation in a balanced scorecard approach to performance evaluation?

   a		Lag indicators.
   b		Financial performance measures and operational performance measures.
   c		Financial performance measures and company goals.
   d		Company strategies.

QUESTION 2

1. The most relevant costs are:

   a		Current costs.
   b		Nominal costs.
   c		Estimated future costs.
   d		Costs already incurred.

QUESTION 3

1. If the sales price is $12, the variable cost is $3, and the fixed cost is $9,000, the contribution margin ratio is:

   a		100%
   b		92%
   c		75%
   d		83%