II. MATCHINGTYPE. Match the definitions enumerated on the right column with the terms on the left column. 1. Salesforecast A. A quantitative benchmark for measuring company achievement. 2. Managementbyexception B. A budget reflecting long-rangedecisions of the company. 3. Responsibilityaccounting C. The most important input forbudget preparation. All estimates of activity depend upon this information. 4. Statement offinancialposition D. An integrated plan of action for thefirm as a whole, expressed in financial term. 5. Performancebudget E. A system that relates costs to organizational structure. 6. Objective F. An integrated statement ofresource levels and theirsources. 7. Capitalexpendituresbudget G. A set of statements providingbroad direction for the firm. 8. Profitplan I. The practice of focusing attention on those activities where the actual performance differs significantly from plannedperformance. 9. Masterbudget J. A budget prepared after the fact, showing what cost should have beenat the actual level ofactivity. 10. Goals K. An operating budget for a specific future period oftime

II. MATCHINGTYPE. Match the definitions enumerated on the right column with the terms on the left column. 1. Salesforecast A. A quantitative benchmark for measuring company achievement. 2. Managementbyexception B. A budget reflecting long-rangedecisions of the company. 3. Responsibilityaccounting C. The most important input forbudget preparation. All estimates of activity depend upon this information. 4. Statement offinancialposition D. An integrated plan of action for thefirm as a whole, expressed in financial term. 5. Performancebudget E. A system that relates costs to organizational structure. 6. Objective F. An integrated statement ofresource levels and theirsources. 7. Capitalexpendituresbudget G. A set of statements providingbroad direction for the firm. 8. Profitplan I. The practice of focusing attention on those activities where the actual performance differs significantly from plannedperformance. 9. Masterbudget J. A budget prepared after the fact, showing what cost should have beenat the actual level ofactivity. 10. Goals K. An operating budget for a specific future period oftime

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 9EA: Classify each of the following performance measures into the balanced scorecard perspective to which...

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