The matching concept helps managers provide for more effective operations because it suggests Group of answer choices Costs should be matched to the associated revenues. All costs should be identified and summarized All costs should be matched in the same period of time the cash is paid. Most costs are avoidable.

The matching concept helps managers provide for more effective operations because it suggests Group of answer choices Costs should be matched to the associated revenues. All costs should be identified and summarized All costs should be matched in the same period of time the cash is paid. Most costs are avoidable.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter14: The Balanced Scorecard And Corporate Social Responsibility

Section: Chapter Questions

Problem 1CMA: Which of the following statements regarding the balanced scorecard is not correct? a. It seeks to...

See similar textbooks

Similar questions

Managers in which of the following responsibility centers are held responsible forprofits? (You may select more than one answer.)a. Revenue centersb. Cost centersc. Profit centersd. Investment centers
Which 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.
The benefits of comparing actual performance of the operations against planned goals include all of the following except a. preventing unplanned expendituresb. helping to establish spending prioritiesc. determining how managers are performing against prior years' actual operating resultsd. providing prompt feedback to employees about their performance relative to the goal
The best measure for evaluating the effectiveness of a manger in an investment center would be A. residual income measures B. current ratio measures C. success in meeting budgeted revenues D. success in controlling costs
Which of the following is not an advantage of budgeting? a) Forces managers to planb) Provides information for decision makingc) Guarantees an improvement in organizational efficiencyd) Provides a standard for performance evaluatione) Improves communication and co-ordination
1-What are relevant revenues and cost delays? 2- How do managers use financial and nonfinancial measures to evaluate quality?
The following statements are true regarding the financial perspective EXCEPT:a. Financial performance can be improved through two basic approaches – revenuegrowth and productivity.b. Financial objectives typically relate to productivity.c. A financial measure might be net income.d. A financial objective might be to offer low process to satisfy and retain price-sensitivecustomers.
Answer with logical reasoning. Give an example where needed i. How management accounting and cost accounting can be an efficient in monetary and non-monetary report management as compared to financial accounting reporting system. ii. How flexible budget through performance reporting is help for the management in determination of direct material cost control?
In computing ROI, land held for future use is considered a nonoperating asset. is included in the calculation of operating assets. will hurt the performance measurement of an investment center's manager. is important in evaluating the performance of a profit center manager.
Focusing on improving the activities that are showing significant differences between budgeted and actual results is: A.quantifying plans B.management by exception C.cash management D.creating benchmarks
In your own understanding, please answer the following: 1. What are the importance of knowing, analyzing and assessing the financial statement in the decision making of internal and external users in the organization? 2. Explain briefly how do you understand the concept of Cost of Good Sold.
“When evaluating a company’s performance on the time dimension, managers should only consider financial measures.” Do you agree? Explain