Reference no: EM132530538

Question 1: Which of the following is true of strategic performance measurement systems?

Option 1: It only includes non-financial performance measures that explain financial performance.

Option 2: It helps to communicate corporate strategy to members of the organization.

Option 3: It has the same number of financial and non-financial measures.

Option 4: It exclusively uses financial measures to serve as leading indicators of non-financial performance.

Question 2: Gina is performing revenue variance analysis for her two-product company (Product A and Product B). Which of the following statement are true about revenue variance analysis?

Option 1: If the sales mix variance for Product A is favorable, the sales mix variance for Product B is unfavorable.

Option 2: If the sales mix variance for Product A is favorable, the sales volume/activity variance for Product A is favorable.

Option 3: If the sales volume/activity variance for Product A is favorable, the sales volume/activity variance for Product B is favorable.