1-On a balanced scorecard, the measure of economic value-added would most likely
ID: 2502129 • Letter: 1
Question
1-On a balanced scorecard, the measure of economic value-added would most likely be an example of a performance measure in the: a. internal business process dimension b. financial dimension c. learning and growth dimension d. customer dimension
2-In a normal costing system, how is the predetermined fixed manufacturing overhead rate calculated? a. Divide estimated fixed manufacturing overhead by the actual activity level. b. Divide estimated fixed manufacturing overhead by the normal (or estimated) activity level. c. Divide actual fixed manufacturing overhead by the normal (or estimated) activity level. d. Divide actual fixed manufacturing overhead by the actual activity level
3- All of the following are provisions of the Sarbanes-Oxley Act except: a. The law created the Public Company Accounting Oversight Board (PCAOB), which oversees auditors of public companies. b. The law states that the CEO and the CFO are responsible for signing their company’s financial statements and indicating that the financial statements do not omit material information. c. The law requires that lower-level managers submit to lie-detector tests if fraud is suspected. d. The law requires the company’s auditor must attest to management’s assessment of internal controls.
Explanation / Answer
1 On a balanced scorecard, the measure of economic value-added would most likely be an example of a performance measure in the: financial dimension 2 In a normal costing system, how is the predetermined fixed manufacturing overhead rate calculated? Divide estimated fixed manufacturing overhead by the normal (or estimated) activity level 3 All of the following are provisions of the Sarbanes-Oxley Act except: The law requires that lower-level managers submit to lie-detector tests if fraud is suspected.
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