AMA Exam #3 Questions & Answers 2023/2024
AMA Exam #3 Questions & Answers 2023/2024 Balance Scorecard - ANSWER-an integrated set of performance measures that are derived from and support the organization's strategy Cost Center - ANSWER-a business segment whose manager has control over cost but has no control over revenue or investments in operating assets decentralized organization - ANSWER-An organization in which decision-making authority is not confined to a few top executives but rather is spread throughout the organization Delivery cycle time - ANSWER-the elapsed time from receipt of a customer order to when the completed goods are shipped to the customer Economic Value Added (EVA) - ANSWER-A concept similar to residual income in which a variety of adjustments may be made to GAAP financial statements for performance evaluation purposes. Investment center - ANSWER-a business segment whose manager has control over cost, revenue, and investments in operating assets Manufacturing cycle efficiency (MCE) - ANSWER-Process (value-added) time as a percentage of throughput time. Margin - ANSWER-Net Operating Income / Sales net operating income - ANSWER-income before interest and income taxes have been deducted profit center - ANSWER-a business segment whose manager has control over cost and revenue but has no control over investments in operating assets
Document information
- Uploaded on
- October 5, 2023
- Number of pages
- 4
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers
