10.Which of the following is not a reason that worker involvement is important in an effective performance measurement system? A) Many managers believe that when workers take on real decision-making authority, their commitment to the organization and its objectives increases. B) When decision-making responsibility lies with workers closer to the customer, workers are more responsive to customer concerns and can make informed decisions. C) Giving decision-making responsibility to workers uses their skills and knowledge and motivates them to further develop those skills and knowledge in an effort to improve the organization's performance. D) Workers are more likely to understand financial measures than nonfinancial measures. E) All of the above are reasons ) None of the above. 9 What is the manufacturing cycle efficiency for one unit? A) 40% B) 45% C) 50% D) 55% E) None of the above
Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
10.Which of the following is not a reason that worker involvement is important in an effective
performance measurement system?
A)
Many managers believe that when workers take on real decision-making authority, their
commitment to the organization and its objectives increases.
B)
When decision-making responsibility lies with workers closer to the customer, workers are
more responsive to customer concerns and can make informed decisions.
C)
Giving decision-making responsibility to workers uses their skills and knowledge and
motivates them to further develop those skills and knowledge in an effort to improve the
organization's performance.
D)
Workers are more likely to understand financial measures than nonfinancial measures.
E)
All of the above are reasons
)
None of the above.
9
What is the manufacturing cycle efficiency for one unit?
A)
40%
B)
45%
C)
50%
D)
55%
E)
None of the above
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