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Exam 10: Performance Evalulation

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Question 21

Multiple Choice

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The manager of the corporate division of Anthropologie, a large retail clothing chain, may be in charge of a(n)

A) investment center.
B) cost center.
C) profit center.
D) revenue center.

E) A) and C)
F) A) and D)

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Question 22

Multiple Choice

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All of the following are responsibility centers except

A) cost center.
B) profit center.
C) investment center.
D) equity center.

E) B) and D)
F) B) and C)

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Question 23

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Decentralization allows top management to concentrate on long-term strategic planning.

Pirate Enterprises has operating income of $66,500. Its return on investment (ROI) is 35%, while its target rate of return is 25%. The total assets of Pirate Enterprises may be closest to

The manager of the Northeast sales region at General Mills may be in charge of a(n)

A favorable flexible budget variance for variable expenses would indicate that:

Financial performance measures are known as lag indicators. A lag indicator is a performance measure that predicts future performance.

There are two types of responsibility centers.

Izzy Division of Marine Boats Corporation had the following results last year (in thousands) . Management's target rate of return is 13% and the weighted average cost of capital is 8%. What is the Izzy Division's Residual Income (RI) ?

The convenience store that is responsible for its own revenues, costs, and is owned by a national convenience store chain may be classified as a(n)

Which type of variance causes operating income to be greater than the budgeted operating income?

Which type of variance causes operating income to be lower than the budgeted operating income?

Everyone Deserves to Smile mobile dentist office budgeted for 4330 patient visits a year. Everyone Deserves to Smile actually saw 4415 patients during the year and they have provided the following data: Based on the given information, what is the flexible budget variance for personnel expenses?

The entire Corn Flakes product line at Kellogg is may be classified as a(n)

Energy Efficient Corporation provided the following partially completed monthly flexible budget. Complete the flexible budget.

Return on Investment (ROI)is defined as operating income divided by total assets.

Pendant Publishing reported the following results for its Textbook Division: Pendant's target rate of return is 17% and the weighted average cost of capital is 16%. Its effective tax rate is 40%. What is the Textbook Division's Residual Income (RI) ?

The number of on-time deliveries may be an example of measuring which perspective of the balanced scorecard?

The number of employee suggestions implemented and percentage of the sales force with access to real-time inventory levels may be examples of the

Selected financial data for The Portland Porcelain Works Coffee Mug Division is as follows: What is The Portland Porcelain Works Coffee Mug Division sales margin?