2. Managerial Accounting

Performance Measures — Quiz

Test your understanding of performance measures with 5 practice questions.

Practice Questions

Question 1

Which of the following is a key benefit of using a balanced scorecard?

Question 2

In responsibility accounting, which type of center is responsible for both revenues and costs but not for investment decisions?

Question 3

What is the primary purpose of nonfinancial performance metrics?

Question 4

Which perspective of the balanced scorecard typically focuses on improving internal processes?

Question 5

If a division has sales of $$ \$1,500,000 $ and operating income of $ \$250,000 $$, what is its Return on Investment (ROI)?