A competence b confidentiality c integrity d

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A. Competence B. Confidentiality C. Integrity D. Credibility 94. (BALANCED SCORECARD) Which of the following is one of the four perspectives of a balanced scorecard? A. Just in time. B. Innovation. C. Benchmarking. D. Activity-based costing. 95. (DECENTRALIZATION) All of the following are benefits of decentralization EXCEPT that it: A. creates greater responsiveness to local needs B. decreases management and worker morale C. leads to quicker decision making D. sharpens the focus of managers 96. (LEARNING CURVES) A learning curve is a function:
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MANAGEMENT ADVISORY SERVICES - THEORIES Page 18 A. that measures the decline in labor-hours per unit due to workers becoming better at a job B. that increases at a greater rate as workers become more familiar with their tasks C. where unit costs increase as productivity increases D. that is linear 97. (BUDGETING) Budgeting provides all of the following EXCEPT: A. a means to communicate the organization's short-term goals to its members B. support for the management functions of planning and coordination C. a means to anticipate problems D. an ethical framework for decision making 98. (COST BEHAVIOR) When cost relationships are linear, total variable prime costs will vary in proportion to changes in A. direct labor hours. B. total material cost. C. total overhead cost. D. production volume. 99. (STANDARD COSTING) Standard costs A. are estimates of costs attainable only under the most ideal conditions. B. are difficult to use with a process costing system. C. can, if properly used, help motivate employees. D. require that significant unfavorable variances be investigated, but do not require that significant favorable variances be investigated. 100. (STANDARD COSTING) Which of the following statements regarding standard cost systems is true ? A. Favorable variances are not necessarily good variances. B. Managers will investigate all variances from standard. C. The production supervisor is generally responsible for material price variances. D. Standard costs cannot be used for planning purposes since costs normally change in the future. E N D
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