Managerial Acct Ch 10a

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The number of rework units may be an example of measuring which perspective of the balanced​ scorecard?

Internal business

Using​ ________ may cause a manager to reject a project that may be profitable to the company as a whole.

ROI

Which of the following financial performance measures can be used to compare potential projects of different​ sizes?

ROI

If a company must decrease its sales price of a product while all of the​ company's expenses remain​ constant, what will happen to return on investment​ (ROI)?​

ROI will decrease

If selling and administrative expenses decrease while other expenses remain​ constant, what will happen to return on investment​ (ROI)?

ROI will increase

What will happen to return on investment​ (ROI) if current assets decrease while everything else remains the same​ (assume the current assets decreased is part of operating current​ assets)?

ROI will increase over time

Return on Investment (ROI) is a very popular measure used to evaluate corporate segments because it incorporates all of the major ingredients of profitability (revenues, expenses, investment) into a single measure. Under which one of the following combinations of actions would a segment's ROI always increase?

Revenues- Increase Expenses- Decrease Investment- Decrease

learning and growth perspective

answers the question "can we continue to improve and create value?"

customer perspective

answers the question "how do we look to customers?"

internal business perspective

answers the questions "at what business processes must we excel to satisfy financial and customer objectives?"

financial perspective

answers the questions "how do we look to shareholders?" - primarily concerned with revenue

The production line at Morningstar Farms may be classified as​ a(n)

cost center

in a cost center managers are accountable for

costs only

The percentage of market share may be an example of measuring which perspective of the balanced​ scorecard?

customer

A manager can increase return on investment​ (ROI) by doing which of the​ following?

decrease operating expenses

The​ ________ perspective of the balanced scorecard helps managers answer the​ question, "How do we look to​ shareholders?"

financial

the balanced scorecard views the company from 4 different perspectives

financial, customer, internal business, and learning and growth

A profitable firm can increase its return on investment by

increasing sales revenue and operating expenses by the same percentage

The Fritominus−​Lay, a standminus−alone division of PepsiCo may be classified as​ a(n)

investment center

Total hours of continuing professional education taken by employees may be an example of measuring which perspective of the balanced​ scorecard?

learning and growth

With​ ________, managers look at the size of the variances between actual results and budgeted amounts to determine which variances a manager should investigate.

management by exception

balanced scorecard

recognizes that management must consider both financial performance measures and operational performance measures when judging the performance of a company and its segments

A performance report of a​ ________ will only include revenues generated by the center.

revenue center

in a revenue center managers are primarily accountable for

revenues

in a profit center managers are responsible for

revenues and costs

in an investment center managers are responsible for

revenues, costs, and efficiently managing divisions assets

The performance evaluation of a profit center is typically based on its

segment margin

Which of the following is the operating income an investment center generates before subtracting common fixed costs that are allocated to the​ center?

segment margin

Which type of variance causes operating income to be lower than the budgeted operating​ income?

unfavorable variance

Management by exception would dictate that the manager investigate which of the following​ variances?

variances which are greater than a budget an actual dollar amount or percentage


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