An important consideration in establishing a measure map includes determining the a. mission of the organization b. leading and lagging indicators c. standard costs of the products being manufactured d. net income of the company
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An important consideration in establishing a measure map includes determining the
a. mission of the organizationb. leading and lagging indicatorsc. standard costs of the products being manufacturedd. net income of the company
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- The comparing step in the control process determines . the variation between actual performance and the standard the variation between actual performance and an external benchmark from a noncompetitor a company's relative position in the industry in terms of performance variances a company's relative position in the industry in terms of the standards used Organizational is a measure of how appropriate organizational goals are and how well an organization is achieving those goals. efficiency B) productivity C) yield D) effectiveness A(n) organization is highly formalized and 33) organic B) complex C) mechanistic D) learning A(n) organization is highly adaptive, loose, and 34) customer- oriented B) mechanistic C) organic D) centralized Daniela and Navaro disagree on the best way to…Which of the following are plan quality tools and techniques? (select all correct answers) Benchmarking Risk data quality analysis Flowcharting Cost-benefit analysis Cost of qualityThe purpose of the balanced scorecard is best described as helping an organization: translate an organization’s mission and strategy into a set of performance measures that help to implement the strategy introduce innovative products and services desired by target customers mobilize employee skills for continuous improvements in processing capabilities, quality and response times develop customer relations
- Which of the following is not a characteristic of nonfinancial performance quality indicators?a. They relate to physical processes and therefore focus attention on precise problem areas in needof attention.b. They can provide immediate feedback on whether quality-improvement efforts have succeededin improving quality.c. They are typically less expensive to obtain compared to cost-of-quality (COQ) data.d. They are predicted by a set of relevant financial indicatorsWhen performing sales mix analysis , which one of the following is false : a. Producing and selling more units of the product with a higher contribution margin would likely decrease the breakeven point b. Making changes to the sales mix will likely cause a change in the breakeven point c. The sales mix is usually assumed to be remain the same . d. Shifting the sales mix to the product with a lower contribution margin will likely ncrease the overall contribution margin e. Normally the calculation of the breakeven point for multiproduct is more complicated than that for a single productWhich of the following should be ignored in a make-or-buy decision? a. cost savings b. whether the supplier will make a profit that would no longer belong to the business c. future growth in the plant and other production opportunities d. quality issues with the supplier
- 28. Which two of the following are perspectives from the balanced scorecard performance measurement model for achieving an organization's strategic objectives? Innovation and learning Firm infrastructure Operations Internal business processes Technology development 29. Which of the following is the best method for visualizing data about trends over time for several data sets on a single chart? A clustered bar chart A component bar chart A line chart A pie chartWhich of the following will be decided by the merchandiser of a retail store? a. the store layout and display of merchandise b. the product’s quality and their specifications c. the quantity, profit margins, discounts and other promotional items for the products d. The items will be sold in the storeComprehend the meaning of quality based on facts
- In this Harvard Business Review (HBR) article entitled, "How to Finance the Scale-Up of Your Company" written by Daniel Isenberg and Daniel Lawton, the authors provide practical ways to ensure your business has sources of financing, especially when scaling-up your business. https://hbr.org/2014/08/how-to-finance-the-scale-up-of-your-company INSTRUCTION: Prepare a Reaction Paper called Reading Reflection Memo (RRM). READING REACTION MEMO FOR THIS ARTICLE: The reading reaction memo after reading the article above should: (a) compare and contrast key points that strike you from the reading(s); (b) evaluate the arguments and evidence on the point(s) you cover, identifying what was insightful, mundane, unclear, incomplete, contradictory, etc.; and (c) conclude with 3-4 questions for class discussion. The reaction memo should not merely summarize the reading(s) you consider, but it should also demonstrate an active engagement with the point(s) you select to focus on, including how it (they)…Which of the following theorists suggests “a reduction in variation of a product or process represents a lower loss to organization and its customers”?Coronado Company gathered the following data about the three products that it produces: PresentProduct Estimated SalesValue beforeProcessing AdditionalProcessing Costs Estimated Salesif Processed Further A $8700 $5500 $16200 B 15500 5000 18200 C 10500 7600 15600 Which of the products should be processed further? Product A Product C Product B All three products