8. When calculating performance measures, it is best to use a. steady improvement against targets. b. gross book value asset measurement. c. historical cost asset measurement. d. current cost asset measurement.

Define each of the following terms:c. Compressed adjusted present value (CAPV) model

A good performance measurement system will include which of the following? A. short-term goals B. long-term goals C. short-term and long-term goals D. no goals at all

When reporting information, the most important thing to be considered is that, the cost. a. Should be avoided b. Should be minimum c. Should be maximum d. Should be justified by the benefits

Is current cost included in the overall measurement bases? or only in the current value?

In the blanks provided to the right below, select the letters of the underlying assumption, measurement method, qualitative criteria, or constraint most closely associated with the statements. Some letters may be used more than once and some may not be used at all.A. Separate-entity assumption                       G. MatchingB. Continuity assumption                               H. Historical costC. Relevance                                                    I. Unit-of-measure assumptionD. Time-period assumption                            J. Faithful representationE. Cost/benefit                                                K. VerifiabilityF. Revenue recognition                                   L. Full disclosure   1. Any accounting method is acceptable for small items that will not change users’ decisions. 2. Assumes that all financial statement elements can be meaningfully described in dollar terms. 3. Long-term assets that increase in value are not normally written up in the…

Explain the following basic principles in cost management:a. profitsb. life cycle costsc. tangible cost and benefitsd. intangible costs and benefitse. direct and indirect costsf. reserves

2.) find the efficiency rate 4.) find the overall equitment effectiveness

Which of the following correctly orders the investment rules of average accounting return (AR), internal rate of return (IRR), and net present value (NPV) from the most desirable to the least desirable? a. IRR, AR, NPV. b. AR, IRR, NPV. c. NPV, AR, IRR. d. AR, NPV, IRR. e. NPV, IRR, AR.

Controls that measure variables that influence future profitability are called Select one: a. output controls. b. activity controls. c. behavior controls. d. steering controls.