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QUESTION 1

1. Which of the following statements about the balanced scorecard approach is NOT true?

   		The four perspectives of the balanced scorecard revolve around measures of quality, productivity, efficiency and timeliness, and marketing success.
   		The balanced scorecard approach requires looking at performance from four different but related perspectives: financial, customer, internal business, and learning and growth.
   		The balanced scorecard approach integrates financial and non-financial performance measures.
   		the balanced scorecard helps to keep management focused solely on a company's financial factors.

1. For the current year, Winston Inc. reported sales of $800 000 and an asset turnover of 1.25 . The rate of return on average invested assets was 20 per cent. The companys margin for the year was:

   		16 per cent
   		26 per cent
   		10 per cent
   		50 per cent

1. A company has computed that their margin is 0.18. Which of the following statements is the best interpretation of these results?

   		Every $1 invested in assets generates $0.18 of segment margin.
   		$0.18 of every $1 invested in assets is net profit.
   		$0.18 of every $1 made in sales is profit.
   		Every $1 invested in assets generates $0.18 in sales revenue.

1. Which of the following is an example of an appraisal cost?

   		Costs to monitor existing environmental systems in the organisation
   		Public health costs
   		Cost of repair due to a firm's damage to the environment.
   		Fines for breach of environmental standards

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