Question

1.Performance expectations must be established once objectives and measures have been executed and advertised.

True

False

2.

Business strategy is concerned with

a.choosing market and customer segments.

b.selecting individual and organizational properties required.

c.identifying critical internal and business processes.

d.All of these choices are correct.

3.

Which of the following is NOT a major enabling factor of the learning and growth perspective?

a.employee capabilities

b.employee attitudes

c.information system capabilities

d.customer attributes

4.

At the beginning of 2018, Haroldson Company installed a JIT purchasing and manufacturing system. The following information has been gathered about one of the company's products.

Theoretical annual capacity	9,000
Actual production	3,600
Production hours available	3,000
Actual cost per unit	$33

What is the ideal conversion cost per unit?

a.$99 per unit

b.$11 per unit.

c.$39.60 per unit.

d.$16.50 per unit.

5.

Which of the following is NOT an advantage of strategic-based responsibility accounting?

a.It includes perspectives that serve as a source of competitive advantage.

b.Change efforts are directed by the mission and strategy.

c.Responsibility is centralized within the organization.

d.All of these choices are advantages of strategic-based responsibility accounting.

6.

Which of the following might be a measure of employee motivation, empowerment, and alignment?

a.units product cost

b.suggestions per employee

c.customer satisfaction

d.process efficiency

7.

Which of the following features make stretch targets feasible?

a.The targets are set at desired levels for twenty years to ensure long-term performance.

b.The targets are set in isolation by top management.

c.The measures are linked by causal relationships.

d.The measures are based on currently attainable standard costs.

8.

Activity-based responsibility accounting adds which of the following to the financial-based responsibility accounting perspective?

a.functional perspective

b.process perspective

c.learning perspective

d.consumer perspective

9.

The time it takes to produce one unit of product is called

a.velocity.

b.cycle time.

c.delivery time.

d.turnover.

10.

Compensation should be based on performance and paid based on percentage of objective achieved.

True

False

Answer 1

1.) FALSE

2.) Option - 'D'

Business Strategy is concerned with the stategic decisions concerning the choice of product, competitive advantage, customer satisfaction etc. So, all the choices are correct.

3.) Customer Attributes are not a major enabling factor of the learning and growth perspective

4.) Option - 'B'

Units per hour = Theoretical Annual Capacity / Production Hours Available

= 9,000 / 3,000

= 3 units per hour

Ideal Conversion Cost Per Unit = Actual Cost Per Unit / 3 Units Per Hour

= $33 / 3
    = $11 per unit