Performance measures are limited to financial data
Indicate whether the statement is true or false
F
You might also like to view...
Answer the following statements true (T) or false (F)
1. The idea that two or more forces combined create an effect that is greater than the sum of their individual effects is called syncretism. 2. Right Office Equipment continually talks with customers after they purchase their products, and Right Office managers regularly visit customers to gather feedback on new products, product improvements, and how Right Office can better serve its customers. This is an example of an open system. 3. When Mr. Jones, the owner of a local hardware store, asks one of his lawnmower suppliers about the total ability of their product to meet customer needs, he is questioning the quality of that mower. 4. A-Plus Manufacturing has a policy of using statistical sampling to locate errors by testing just some (rather than all) of the items in a particular production run. This strategy of minimizing errors is known as synergy. 5. A local furniture retailer routinely develops and acquires new knowledge, and the employees communicate what they learn to other employees, so the company is able to modify its behavior to reflect what they have learned. This organization is an example of a learning organization.
?Which of the following statements about financial growth factors using the geometric mean is untrue?
A. ?The growth factor cannot be less than zero. B. ?A growth factor less than 1 indicates negative growth. C. ?A growth factor greater than 2 indicates more than 100 percent growth. D. ?A growth factor greater than 0 indicates positive growth.
Which of the following is not a requirement of budgeting?
a. Goals must be realistic and possible to attain. b. There must be accountability for actual results. c. Management must clearly define its objectives. d. The budget must not be changed under any circumstances.
Brad is a department manager at Home Theater, Inc. His sole role in the budget process is to implement the budget that is developed for him. This is an example of _______.
A. strategic budgeting B. operational budgeting C. top-down budgeting D. management-by-objectives E. bottom-up budgeting