Which of the following statements is are true regarding financial measures A

Which of the following statements is are true

This preview shows page 31 - 33 out of 70 pages.

21.Which of the following statements is (are) true regarding financial measures?(A) One disadvantage of using financial measures to evaluate performance is that they are typically reported on a monthly, quarterly, or annual basis.(B) One reason financial measures are used to evaluate performance is that they are easily quantifiable. A. Only A is true.B. Only B is true.C.Both A and B are true.D. Neither A nor B is true.Both statements are true.AACSB: AnalyticAICPA: FN—Decision MakingBlooms: ComprehensionDifficulty: MediumLanen - Chapter 18 #21Learning Objective: 1Topic Area: Beyond the Accounting Numbers22.A description of an organization's values, definition of its responsibilities to stakeholders, and identification of its major strategies is called its This is the definition of the mission statement.AACSB: AnalyticAICPA: FN—Decision MakingBlooms: ComprehensionDifficulty: EasyLanen - Chapter 18 #22Learning Objective: 1Topic Area: Organizational Environment and Business Strategy23.Which of the following nonfinancial measures would notbe used to evaluate a middle manager's performance? Middle managers normally do not interact with shareholders.AACSB: AnalyticAICPA: FN—Decision MakingBlooms: ComprehensionDifficulty: MediumLanen - Chapter 18 #23Learning Objective: 2Topic Area: Responsibilities According to Level of Organization
Background image
24.A business model attempts to minimize problems associated with The business model describes how employees in the organization must perform for the organization to achieve its goals.AACSB: AnalyticAICPA: FN—Decision MakingBlooms: ComprehensionDifficulty: EasyLanen - Chapter 18 #24Learning Objective: 2Topic Area: Business Model25.Which of the following statements is (are) false regarding financial measures?(A) In general, the use of multiple measures to evaluate performance is better than that use of a single performance measure.(B) Managers evaluated using multiple measures will most likely act differently than managers evaluated using single measures. A. Only A is false.B. Only B is false.C. Both A and B are false.D.Neither A nor B is false.Both statements are true.AACSB: AnalyticAICPA: FN—Decision MakingBlooms: ComprehensionDifficulty: MediumLanen - Chapter 18 #25Learning Objective: 3Topic Area: Multiple Measures or a Single Measure of Performance?
Background image
Image of page 33

You've reached the end of your free preview.

Want to read all 70 pages?

  • Fall '13
  • lee
  • Management, Topic Area, FN—Decision Making

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture