Describe the importance of ongoing organizational monitoring systems through the use of dashboards or balanced scorecards
What will be an ideal response?
• These systems ensure that the organization is measuring what matters. Organizational conflicts can be resolved, misperceptions identified and staffers and other key resource people come to agreements about where the organization is heading.
• Balanced Scorecards focus on four elements: Financial performance, target audience perceptions, core competencies, and innovation.
• Dashboards are like automotive dashboards, measuring the organization's Fuel, speed, signals and warning lights – to monitor how the organization is doing at any given point in time.
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Jason had been operating his machine for an entire month before he realized that it was generating more scrap than usual. Which advantage of budgeting would have helped him identify this problem sooner?
A. Coordination B. Performance measurement C. Planning D. Corrective action
The U.S. government will pay Turner Company $2,500,000 each six months, equal to 2.5% of the $100 million face amount of the treasury bonds (5% annual coupon rate, paid in two installments each year), and will repay the $100 million at the end of five years. At the time Turner Company purchases the bonds, the market prices these bonds to yield Turner Company 6% annually (3% each six months). The
bonds are classified as held to maturity. Because the market requires a _____ than the _____ on the bonds, the bonds will sell on the market for a _____ a. lower yield; stated interest rate; premium b. lower yield; market interest rate; premium c. higher yield; stated interest rate; discount d. lower yield; stated interest rate; discount e. market yield; stated interest rate; premium
Discuss how Ingram and Lee used the cash flow statement in conjunction with the income statement for analytical purposes.
What will be an ideal response?
Changing labor utilization through varying work hours or number of employees is the goal of ________.
A. procedural flexibility B. functional flexibility C. employment flexibility D. pay flexibility