Chap 7 1. A performance management and evaluation system is mainly utilized to a

Question

Chap 7

1. A performance management and evaluation system is mainly utilized to account for and report on financial performance.

a. True

b. False

2. While measuring performance, managers must be able to distinguish between what is being measured and the actual measures used to monitor performance and compare results.

a. True

b. False

3. Performance measurement is the use of quantitative tools to gauge an organization's performance in relation to a specific goal or an expected outcome.

a. True

b. False

4. All organizations use same performance measures in their day-to-day business operations.

a. True

b. False

5. Managers at all levels are evaluated in terms of their ability to manage their areas of responsibility in keeping with organizational goals.

a. True

b. False

6. Responsibility accounting is of least help to manufacturing companies.

a. True

b. False

7. A responsibility center whose manager is held accountable for both revenues and costs and for the resulting operating income is called a revenue center.

a. True

b. False

8. An organization chart assists in management control.

a. True

b. False

9. A report for a responsibility center includes costs and revenues that are not controlled by a manager.

a. True

b. False

10. Performance reports allow comparisons between actual performance and budget expectations.

a. True

b. False

Explanation / Answer

1) False

2) True

3) True

4) False

5) True

6) False

7) False

8) True

9) False

10) True

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