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3 years ago

Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches.

Business

1 answer:

RSB [31]3 years ago

7 0

Answer:

1. Match each phrase that follows with the term it describes:

a. Evaluation of how profit will change based on an alternative course of action

Correct term: Differential analysis

b. Possible result of using an inappropriate overhead allocation metho

Correct term: Product cost distortion

c. Revenue forgone from an alternative use of an asset

Correct term: Opportunity cost

d. Strategy that focuses on reducing the influence of bottlenecks

Correct term: Theory of constraints

e. Not relevant to future decisions

Correct term: Sunk cost

2. Match each phrase that follows with the term it describes:

a. Recognizes that a dollar today is worth more than a dollar tomorrow

Correct term: Time value of money concept

b. Often referred to as the discounted cash flow method

Correct term: Net present value method

c. Also referred to as capital budgeting

Correct term: Capital investment analysis

d. Average income as a percentage of average investment

Correct term: Average rate of return

e. Can be determined by initial cost divided by annual net cash inflow of an investment

Correct term: Cash payback period

3. Match the following descriptions and examples with the four performance perspectives in the balanced scorecard:

a. Focuses on operational efficiencies and issues like improving manufacturing performance

Correct option: Internal processes

b. Focuses on obtaining and retaining customers and customer base

Correct option: Customer

c. Focuses on traditional accounting measures of performance, such as net income and cash flow

Correct option: Financial

d. Focuses on research and development initiatives and employee training, retention, and satisfaction efforts

Correct option: Learning and growth

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