Home > General Studies (Hindi) > Quizzes > Cost Accounting 101 Practice Test: Strategy, Balanced Scorecard, and Strategic Profitability Analysis
Cost Accounting 101 Practice Test: Strategy, Balanced Scorecard, and Strategic Profitability Analysis
Fast practice, instant feedback. Timer auto-submits when time’s up.
Avg score: 0% • Most missed: “One problem with total factor productivity revolves around which of the followin…”
A strategy is a plan or set of plans to achieve a goal, especially over a long period of time. A balanced scorecard is a strategic planning framework that companies use to prioritize products, services, and projects, and to plan activities and communicate goals. Strategic profitability analysis is a tool to evaluate how well a business generates profit from its strategy.  Here's some more information about each of these concepts: Strategy: A strategy specifies how an organization matches its capabilities with market opportunities to achieve its objectives. Balanced scorecard: A strategic... Show more
Cost Accounting 101 Practice Test: Strategy, Balanced Scorecard, and Strategic Profitability Analysis
Time left 00:00
25 Questions

1. A high level of precision between resources used and output produced exists with:
2. Partial productivity multiplied by the quantity of input used results in:
3. To effectively deal with unused capacity a company:
4. Conversion costs are an example of ________.
5. The revenue effect of price recovery is calculated by multiplying the difference in selling price (current year minus the previous year) by ________.
6. Which of the following is NOT true of a good balanced scorecard?
7. To further company strategy, measures on the balanced scorecard would most likely include:
8. To evaluate the success of its strategy, a company can subdivide the change in operating income into growth, price-recovery, and productivity components.
9. The balanced scorecard measures an organization's performance from all of the following perspectives EXCEPT:
10. This gain in operating income is consistent with a:"
11. To achieve success, it is important to set nonfinancial objectives as well as financial objectives.
12. Downsizing often means eliminating jobs, which can have an adverse effect on employee morale.
13. When analyzing the change in operating income, the strategy component of productivity will increase when:
14. A strategy map is a diagram that describes how an organization creates value by connecting strategic objectives in explicit cause-and-effect relationships with each other in the financial, customer, internal business process, and learning and growth perspectives.
15. Which of the following is NOT true of the balanced scorecard?
16. Measures of the balanced scorecard's financial perspective include all of the following EXCEPT:
17. Employee training and development cost is an example of an discretionary cost.
18. Stewart's strategy is:
19. An organization that is using the cost leadership approach would:
20. Yield variances:
21. Product differentiation is an organization’’s ability to achieve lower costs relative to competitors through productivity and efficiency improvements, elimination of waste, and tight cost control.
22. Different strategies call for different scorecards.
23. Balanced scorecard objectives are in balance when:
24. When implementing a balanced scorecard, the cause-and-effect linkages are always precise.
25. A high level of uncertainty is represented in:

⚡ Recently practiced quizzes in this topic
Live quiz activity
Objective GS (General Studies) in हिन्दी - Indian States & The Company Rajasthan GK Hindi - Fairs & Festivals Objective GS (General Studies) in हिन्दी - Indian Polity - Historical Background of Constitution Objective GS (General Studies) in हिन्दी - Indian Polity - Judiciary Rajasthan GK Hindi - Culture Objective GS in Hindi - General Geography - Air Pressure, Humidity & Air Movement Rajasthan GK Hindi - Energy Rajasthan GK Hindi - Tourism Rajasthan GK Hindi - Rajasthan Introduction Rajasthan GK Hindi - Rivers & Lakes
 
❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

🌈  Our mission is to help improve your scores in any subject and exam withonline quizzes, practice tests, study guides, & advice for students. Since 2018.
About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | What Should We Know?
Privacy | Terms |
Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.