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 2 of 7

Q11.
An ability of an organization, to offer its services or products that must be perceived by customers as unique and superior, in comparison to its competitors is called
Discuss
Answer: (b).product differentiation
Q12.
If the quantity of manufactured jackets is 2250000 units and the leather used to produce the output is 3500000 m², then direct partial productivity of material will be
Discuss
Answer: (a).0.642 unit of jacket per ² of leather
Q13.
Considering two years 2013 and 2014, the quantity of output produced in 2014 is divided by cost of input used in 2013, to produce output in 2014 to calculate
Discuss
Answer: (b).benchmark total factor productivity
Q14.
The quantity of produced output is divided by quantity of used input to calculate
Discuss
Answer: (c).partial productivity
Q15.
Considering the balanced scorecard, the perspective in which performance of organization includes is
Discuss
Answer: (d).all of above
Q16.
In operating income strategic analysis, the strategic component which measures change in operating income, attributed for change in price of outputs and inputs is classified as
Discuss
Answer: (c).price recovery component
Q17.
In strategy formulation, the forces that must be focused for industry analysis include
Discuss
Answer: (d).all of above
Discuss
Answer: (d).customer satisfaction and market share
Q19.
Considering two fiscal years 2013 and 2014, if the selling price in 2013 and 2014 is $55 and $60 per unit respectively and actual units sold in 2013 are 25000 units, then revenue effect of price recovery will be
Discuss
Answer: (c).$125,000
Q20.
The way an organization matches its capabilities with available opportunities to accomplish its goals is called
Discuss
Answer: (c).strategy
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