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Reporting Systems & Structures in Accounting Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. How do investment centers differ from a profit centers?

Question 2 2. What is the formula for return on investment?

Question 3 3. How often should a balanced scorecard be updated?

Question 4 4. Why would the team of a ''tube shape'' system of responsibility accounting be limited?

Question 5 5. Portal Palace is a door manufacturer that is considering moving into a new regional market. Which of the following would be information on a balanced scorecard?

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Question 6 6. The balanced scorecard should present which type of information?

Question 7 7. Does a standard balanced scoreboard--one that every organization can use--exist?

Question 8 8. Which of these is an advantage of responsibility accounting?

Question 9 9. Which of these is the most common method to evaluate an investment center?

Question 10 10. What is residual income?

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Question 11 11. Which of these residual incomes is best for a business?

Question 12 12. How often are reports usually filled out with responsibility accounting?

Question 13 13. Which of the following is an example of a disadvantage of responsibility accounting?

Question 14 14. Where do the numbers on a balanced scorecard come from?

Question 15 15. Who is tracked under responsibility accounting?

Reporting Systems & Structures in Accounting Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Accounting 102: Intro to Managerial Accounting  /  Business Courses
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