And CORRECT Answers
Managers rely on real-time data and reporting (via dashboards and other means) to evaluate
the effectiveness of their strategies.
True
False - CORRECT ANSWERS True
Computation of job order costing is consistent with ______ .
· predictive analytics
· descriptive analytics
· prescriptive analytics
· diagnostic analytics - CORRECT ANSWERS descriptive analytics
In regards to relevant costs, management must be aware of the trade-off between
· sunk costs and opportunity costs
· the patterns found in relevant data and the opportunities found within the patters
· cost of collecting data and incremental value of the analysis
· amount of data collected and the cost of collecting that data - CORRECT ANSWERS cost
of collecting data and incremental value of the analysis
What is defined as any number used to measure performance at a company?
· Digital Dashboard
· Performance metric
· Measurable
· Key Performance Indicator - CORRECT ANSWERS Performance metric
, What is an interactive report showing the most important metrics to help users understand how
a company or an organization is performing?
· Measurable
· Digital dashboard
· KPI
· Performance metric - CORRECT ANSWERS Digital dashboard
The balanced scorecard includes all but the following metric?
· Internal Processes
· Organizational Capacity
· Human Resources
· Customer
· Financial - CORRECT ANSWERS Human Resources
An analysis of price variance is consistent with ______ analytics.
· Descriptive
· Diagnostic
· Predictive
· Prescriptive - CORRECT ANSWERS Diagnostic
For each of the four components of the balanced scorecard,______, measures, targets, and
initiatives are identified.
· strategic plans
· objectives
· metrics