A system of performance measures, including nonfinancial measures, used to assess company and division manager performance is:
A. Investment turnover.
B. Residual income.
C. Return on investment.
D. Balanced scorecard.
E. Hurdle rate.
Answer: D
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Open economies have
a. less competition. b. less firm turnover. c. a more stable labor market. d. more firms entering the market.
Tangible benefits are those that can be reasonably quantified, such as reduced equipment costs and increased revenues
Indicate whether the statement is true or false
Which of the following is most likely the largest expense of a bank?
a. Income taxes b. Occupancy expense c. Salaries d. Interest on loans e. Interest on deposits
No firm can take cost-increasing, socially responsible actions in a competitive marketplace and expect to continue to effectively compete, even if those cost-increasing actions yield significant benefits to the firm.
Answer the following statement true (T) or false (F)