FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 12: Strategy,balanced Scorecard,and Strategic Profitability Analysis

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 71

True/False

Review LaterAdd Note

Review Later

The customer perspective under the balanced scorecard approach would include measures on cost reduction.

Correct Answer

verified

Show Answer

Question 72

Multiple Choice

Review LaterAdd Note

Review Later

Which of the following is the correct mathematical expression to calculate total factor productivity?

A) Sales value of output produced ÷ Quantity of all inputs used
B) Quantity of output produced ÷ Quantity of the input used
C) Quantity of output produced ÷ Costs of all inputs used
D) Sales value of output produced ÷ Cost of inputs required to produce current year production in previous year

Correct Answer

verified

Show Answer

Question 73

Multiple Choice

Review LaterAdd Note

Which of the following statements is true of productivity factors?

When analyzing the change in operating income,the strategy component of price-recovery will increase when ________.

Maloney Corporation manufactures plastic water bottles.It plans to grow by producing high-quality water bottles at a low cost that are delivered in a timely manner.There are a number of other manufacturers who produce similar water bottles.Maloney believes that continuously improving its manufacturing processes and having satisfied employees are critical to implementing its strategy. Required: a.Is Maloney's strategy one of product differentiation or cost leadership? Explain briefly. Identify at least one key element that you would expect to see included in the balanced scorecard: b.for the financial perspective. c.for the customer perspective. d.for the internal business process perspective. e.for the learning and growth perspective.

Productivity describes the relationship between different quantities of inputs consumed and the quantities of output produced.

The first step to successful balanced scorecard implementation is clarifying the ________.

Engineered costs ________.

Which of the following statements best relates to the balanced scorecard's financial perspective?

The financial perspective of the balanced scorecard identifies targeted customers and market segments and measures the company's success in these segments.

Fairytale Weddings manufactures wedding dresses.The following information relates to the manufacture of gowns in its Providence plant: Required: Prepare an analysis of change in annual costs from 2016 to 2017 including direct materials,direct manufacturing labor,and total inputs.

Strategic Analysis of Profitability of King Philip Company: What is the cost effect of the productivity component (c) ?

________ is a measure of the balanced scorecard's internal-business-process perspective.

In the analysis of strategy maps,strong ties are those causal links where the impact of one strategic objective on realization of another is average when compared to the strength of the other ties in the map.

Successful implementation of a cost leadership strategy will result in ________.

Following a strategy of product differentiation,Americonic Corporation makes a high-end computer monitor.Americonic Corporation presents the following data for the years 2017 and 2018: Somerset Corporation produces no defective units but it wants to reduce direct materials usage per unit in 2018.Manufacturing conversion costs in each year depend on production capacity defined in terms of units that can be produced.Selling and customer-service costs depend on the number of customers that the customer and service functions are designed to support.Ernsting Corporation has 100 customers in 2017 and 115 customers in 2018.The industry market size for high-end computer monitors increased 5% from 2017 to 2018. Required: a.What is the revenue effect of the growth component? b.What is the cost effect of the growth component? c.What is the net effect on operating income as a result of the growth component?

Which of the following is the correct mathematical expression to calculate a benchmark total factor productivity?

Which of the following questions best relates to the balanced scorecard's internal business processes perspective?

Trusted Products Company makes a household appliance with model number L800.The goal for 2018 is to reduce direct materials usage per unit.No defective units are currently produced.Manufacturing conversion costs depend on production capacity defined in terms of L800 units that can be produced.The industry market size for appliances increased 10% from 2017 to 2018.The following additional data are available for 2017 and 2018: What is the cost effect of the growth component for direct materials?

Grader Company manufactures road graders.Because its managers all have engineering backgrounds,they prefer nonfinancial information for their decision-making models.Therefore,they require the accountants gather data to assist in the examination of nonfinancial results of operations.The following information relates to the manufacture of a paver: Required: a.What is the partial productivity for direct materials for each year? b.What is the partial productivity for direct manufacturing labor for each year? c.What is the total factor productivity for each year?