Quiz_1s - The University of Waterloo School of Accounting...

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1 The University of Waterloo School of Accounting and Finance AFM 102 – Introduction to Management Accounting Quiz 1 Friday February 4, 2011 4:30PM – 6:00 PM IMPORTANT INSTRUCTIONS – PLEASE READ CAREFULLY 1. This is a ninety (90) minute examination. You should stop writing immediately when the proctor announces the end of the examination period. 2. This examination booklet should contain 13 pages including this cover page. You should ensure that your examination booklet is complete. 3. This is a closed book examination. You are not permitted to consult any notes while completing this examination. 4. You may use a calculator to complete this examination. You MAY NOT use any calculating device that can store notes such as a mobile telephone or iPad. 5. You are not permitted to communicate with any other student in any way and for any reason during this examination period. If you need to communicate with someone you should put your hand up and speak with the proctor. 6. This examination contains 60 multiple choice questions. You must record your answer clearly, using a soft lead pencil on the Scantron card you have been given. If you erase an answer please ensure that it is erased completely. A response with two items coded will be assigned a grade of zero. 7. Please ensure that you have indicated both your name and your student number on the Scantron card and that you have coded your student number in the bubbles in the appropriate field. Cards that are submitted with no name will be assigned a grade of zero. 8. You must hand in your Scantron card at the end of the examination period. DO NOT HAND IN THIS BOOKLET.
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2 1. Many intangible assets: a. do not appear on the balance sheet since it is difficult to place a reliable financial value on them b. should be evaluated with ROI and other performance measures c. can be measured and managed with current financial control systems d. are unimportant because they have no physical substance 2. The saying “what gets measured gets done” refers to measuring performance: a. so that appropriate disciplinary actions can be taken b. to ensure that employees perform equally in all dimensions of their jobs c. so that essential tasks get accomplished d. to ensure that the ethical code of conduct is also being enforced 3. The use of multiple-performance measures in the Balanced Scorecard would be expected to lead to all the following EXCEPT: a. more extensive use of financial measures such as cost and profit b. employees recognizing the various dimensions of their work c. the use of new performance measures such as customer satisfaction and employee morale d. group-level performance measures 4. The Balanced Scorecard’s objectives are in balance when: a. debits equal credits b. financial performance measurements are less than the majority of the performance measurements c. the measurements are fair d. the measurements reflect an improvement over the previous year 5. __________ translate(s) an organization’s mission, vision, and strategy into a
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Quiz_1s - The University of Waterloo School of Accounting...

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