Balanced Scorecard MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Balanced Scorecard, a fundamental topic in the field of Cost Accounting. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Balanced Scorecard MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of Balanced Scorecard mcq questions that explore various aspects of Balanced Scorecard problems. Each MCQ is crafted to challenge your understanding of Balanced Scorecard principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace Cost Accounting tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our Balanced Scorecard MCQs are your pathway to success in mastering this essential Cost Accounting topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of Balanced Scorecard. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

So, are you ready to put your Balanced Scorecard knowledge to the test? Let's get started with our carefully curated MCQs!

Balanced Scorecard MCQs | Page 1 of 7

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Q1.
In response to challenges arisen by competitors and new entrants, the strategy which must be considered by the company does include
Discuss
Answer: (d).both a and c
Q2.
Considering two fiscal years 2013 and 2014, the actual units sold in 2013 and 2014 are 11000 and 12500 units respectively, and selling price in year 2013 is $50, then revenue effect of growth will be
Discuss
Answer: (b).$75,000
Q3.
The balanced scorecard perspective measures company's success in targeted segments of customers, this perspective can also be classified as
Discuss
Answer: (b).customer perspective
Q4.
An amount of available capacity other than employed capacity, to meet the customer's demand, is classified as
Discuss
Answer: (d).unused capacity
Q5.
In operating income strategic analysis, the strategic component which measures change in cost attributed to price of input in current year, relative to price of input material in last year, can be classified as
Discuss
Answer: (d).productivity component
Q6.
An organization's ability to offer market offerings at lower prices, in comparison with its competitors is known as
Discuss
Answer: (c).cost leadership
Q7.
The balanced scorecard perspective focuses on all the operations, and it leads to value creation process for customers, can be categorized as
Discuss
Answer: (c).internal business process perspective
Q8.
The quantity of produced output is divided with the cost of all used inputs to calculate
Discuss
Answer: (d).total factor productivity
Q9.
In operating income strategic analysis, a component which measures the change in operating income attributed to the change in output quantity is classified as
Discuss
Answer: (b).growth component
Discuss
Answer: (c).operating income and revenue growth
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