Reference no: EM13495276

Question 1

A performance measurement system should accomplish all of the following except:

a. identify financial measures to evaluate an organization's intangible assets.
b. motivate employees to achieve strategic objectives.
c. communicate the company's strategy.
d. help managers allocate resources to the most productive alternatives.
e. a and b.

Question 2

Committed costs are those that the organization agrees must be set aside to cover product costs through two stages of the life cycle. (True/False)

Question 3

Budgeting provides:

a. a means to communicate the organization's short-term goals to its members.
b. support for the management functions of planning and coordination.
c. an ethical framework for decision making.
d. a and b.
e. All of the above.