Questions from Management Accounting

Q: Differentiate between a lag indicator and a lead indicator. Provide two

Differentiate between a lag indicator and a lead indicator. Provide two examples of each.

Q: What is strategic decision making? What role does it play in

What is strategic decision making? What role does it play in the balanced scorecard?

Q: Outline the purpose of strategy maps.

Outline the purpose of strategy maps.

Q: Identify the four generic perspectives for a balanced scorecard and explain how

Identify the four generic perspectives for a balanced scorecard and explain how they are related.

Q: Describe the implementation process for the balanced scorecard.

Describe the implementation process for the balanced scorecard.

Q: Suppose that Hyundai used target costing to decide whether to produce a

Suppose that Hyundai used target costing to decide whether to produce a new vehicle, such as a Hybrid SUV Vehicle. Required (a) Describe the steps Hyundai’s design team would have taken. (b) Explain...

Q: How might a balanced scorecard be used?

How might a balanced scorecard be used?

Q: What potential problems could arise if the balanced scorecard was developed without

What potential problems could arise if the balanced scorecard was developed without a strategy map being available?

Q: Allied Trucking moves produce from farms to markets. Its managers decided

Allied Trucking moves produce from farms to markets. Its managers decided to implement a balanced scorecard around the entity’s vision statement: 'We aim to be the industry leader in cost-effective an...

Q: Explain agency theory and how it relates to reward systems.

Explain agency theory and how it relates to reward systems.