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

Business

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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.

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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

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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

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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)

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