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 3 of 7

Q21.
Which of the following is an example of internal business perspective in balanced scorecard?
Discuss
Answer: (b).operating capabilities and number of patents
Q22.
The balanced scorecard perspective, which measures strategy profitability and amount of operating income results from cost reduction is classified as
Discuss
Answer: (b).financial perspective
Q23.
An approach which is used to manage unused capacity is
Discuss
Answer: (b).downsizing
Discuss
Answer: (a).employee turnover rates
Q25.
In an innovation process, operation process and post sales services are all sub processes of a perspective, named
Discuss
Answer: (a).internal business process perspective
Q26.
The fundamental redesigning and rethinking of business processes to improve critical measures such as quality, speed, cost and customer satisfaction are called
Discuss
Answer: (a).reengineering
Q27.
Considering two fiscal years 2013 and 2014, an input price in 2013 and 2014 are $9 and $11 per unit respectively and input required units in 2013 to produce output in 2014 are 30000 units, then cost effect of price recovery will be
Discuss
Answer: (a).$60,000
Q28.
The translation of organization strategy, and mission into performance measures to provide framework for strategy implementation is termed as
Discuss
Answer: (d).balanced scorecard
Discuss
Answer: (b).direct material cost
Q30.
The formal way of differentiating, between non-random and random variations, in manufacturing process is classified as
Discuss
Answer: (a).statistical process control
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