Question

In: Accounting

1. Reports that only compare actual results to static budget estimates. Group of answer choices Balanced...

1.

Reports that only compare actual results to static budget estimates.

Group of answer choices

Balanced Scorecard

Production budgets

Performance reports

Flexible budgets

2.

A report displaying the measurement of KPI's.

Group of answer choices

Balanced Scorecard

Flexible Budget

Performnce Report

Key Performance Indicator Report

3.

A part of an organization whose management is responsible for planning and controlling certain specific activities.

Group of answer choices

Responsibility center

A segment

A division

A transfer center

4.

Operating income divided by total assets. A measurement of the profitability of a business segment relative to the size of its assets.

Group of answer choices

Return on investment

Sales margin

Capital turnover

Residual income

5.

Operating income divided by sales revenue. Measures the profit earned for every dollar of sales revenue.

Group of answer choices

Sales margin

Residual income

Capital turnover

Return on investment

6.

The difference between actual and budgeted figures.

Group of answer choices

Variance

Segment margin

Differential income

Volume error

7.

Operating income minus minimum acceptable operating income based on the amount of assets invested.

Group of answer choices

Residual Income

Sales margin

Capital turnover

Return on investment

8.

Sales revenue divided by total assets. This performance measure shows how much sales revenue is being earned per dollar of asset invested.

Group of answer choices

Capital turnover

Sales margin

Residual Income

Return on investment

9.

These costs should not be included when measuring the performance of a business segment since they are not under the control of the segment manager.

Group of answer choices

Common fixed expenses

Transfer prices

Fixed costs

Responsibility center costs

10.

The process of organizing a company’s operations where authority and responsibility are delegated downward in the organization. As a result, companies can no longer rely on company-wide performance measures alone to assess performance.

Group of answer choices

Segmentation

Integration

Decentralization

Consolidation

Solutions

Expert Solution

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