Managerial Accounting
15th Edition
ISBN: 9781337912020
Author: Carl Warren, Ph.d. Cma William B. Tayler
Publisher: South-Western College Pub
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Transcribed Image Text:When should strategic performance linkage guide
measurement? 1) Strategy remains separate 2) Short-
term measures suffice 3) Long-term objectives require
aligned metrics development 4) Standard metrics work
fine
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- Which of the following is not one of the elements of the balanced scorecard? a. strategic plan b. performance metrics c. strategic objectives d. performance perspectivesarrow_forwardHow does a strategic performance measurement system improve upon an ordinary performance measurement system?arrow_forwardWhich of the following statements regarding the balanced scorecard is not correct? a. It seeks to address the problems associated with traditional financial measures used to assess performance. b. The notion of value chain analysis plays a major role in the drawing up of a balanced scorecard. c. It relies on the perception of the users with regard to service provided. d. It is directly derived from scientific management theories.arrow_forward
- 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 allarrow_forwardWhich of the following statements about performance targets is true? a.Performance targets have nothing to do with performance metrics. b.Performance targets are the same thing as strategic initiatives. c.Performance targets are the same thing as performance metrics. d.Performance targets are levels of improvement that management wants to achieve for performance metrics.arrow_forwardWhich of the following is not one of the elements of the balanced scorecard? Oa. strategic objectives Ob. strategic plan Oc. performance perspectives Od. performance metricsarrow_forward
- Metrics that are early in the value chain are normally considered to be _____ indicators. a.value chain b.leading c.reciprocal d.laggingarrow_forwardThe limitations of ratio analysis as a tool for strategic decision makingarrow_forwardWhat methods are used to conduct a new system's cost-benefit analysis?i. Net prevent value;ii. Return on investment;iii. Breakeven analysis;iv. User feedback and recommendations a. All are correct b. i, ii and iii c. i, ii and iv d. ii, iii and iv.arrow_forward
- The Swot analysis is part of which phase in goals based strategic planning?arrow_forwardWhich one of the following is not a part of Feasibility Analysis in relation to system development?Select one:a. Operational analysisb. Economic analysisc. Technical analysisd. Customer analysisarrow_forwardSetting objectives and identifying methods to achieve those objectives is called a. planning. b. decision making. c. controlling. d. performance evaluation. e. None of these.arrow_forward
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