Which of the following is not a way an accounting system can generate motivation?15Multiple CholceAskThe accounting system can provide Information to allocate revwards appropriately.The accounting system can help create and set goals through the bucgeting process.The accounting system can Introduce punitive measures for employees that do nột achleve goals. for example, limiting payThe accounting system can provide feedback and progress updates perlodicaly

The accounting system is a computerized and technological way of performing and executing…

Which of the following is not a way an accounting system can generate motivation? Multiple Cholce The accounting system can provide Information to allocate rewards appropriately The accounting system can help create and set goals through the budgeting process. The accounting system can Introduce punitive measures for employees that co hột achleve goels. for example limiting pay The accounting system can provide feedback and progress updates pertodicely.

Which of the following is not a way an accounting system can generate motivation? Multiple Cholce The accounting system can provide Information to allocate rewards appropriately The accounting system can help create and set goals through the budgeting process. The accounting system can Introduce punitive measures for employees that co hột achleve goels. for example limiting pay The accounting system can provide feedback and progress updates pertodicely.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A good performance measurement system should have the following characteristics: It should be based on activities over which managers have control or influence. It should be measurable. It should be timely. It should be consistent in its application. When appropriate, the actual results should be compared with the budgeted results, standards, or past performance. The measurements must not favor the manager over the goals of the entire organization. Often, managers have the ability to make decisions that favor their individual units but that may be detrimental to the overall performance of the organization. True / False
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Which is not an objective of managerial accounting?a. To prepare external reports for investors, creditors, government agencies, and other outside users.b. To provide information for costing of services, products, and other objects of interest to management.c. To provide information for planning, controlling, evaluating and continuous improvement.d, To provide information for decision making.e. Answer not give
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Why might a manager focused solely on accounting numbers miss opportunities for future benefits?
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agency costs may occur if A. Managers make decisions for their own best interest B. Managers may not attempt to maximize the value of the firm to shareholders C. The board does not properly oversee the activities and decisions of managers D.all of the above
Budgets need to be fair and attainable for employees to consider the budget important in their normal daily activities. Which of the following is not considered a human behavior problem? Allowing employees the opportunity to be a part of the budget process Allowing goals to be so low that employees develop a "spend it or lose it" attitude Setting goals too tightly making it difficult to meet performance expectation Setting goals among managers that conflict with one another
Which of the following is not a benefit of participative budgeting? Multiple Choice It serves as training or development for managers. It provides information that employees know but managers do not. It reduces or eliminates the need for tracking actual cost activity. It enhances employee motivation and acceptance of goals.
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As a financial manager,;one's goalsfor the client is to help them dothe following EXCEPT: A. Build credit by encouraging them to acquire as many loan as possible so that the firm value or the total asset of the firm will increase.B. Identify investment opportunities and determine whether these are acceptable to their risk preference.C. Determine ways to reduce non-value adding costsD. Create budgets that would enable them to determine excess or inadequacy of cash.
Breaking down resistance to a new strategic vision typically requires that management, on an as needed basis, Select one: O A. reiterate the company's need for the new direction, while addressing employee concerns head- on, calming fears, lifting spirits, and providing them with updates and progress reports as events unfold. O B. raise wages and salaries to win the support of company personnel for the company's new direction. O C. institute a balance scorecard to measuring company performance, with the balance including a mixture of both old and new performance measures. O D. explain all updates and merits of the company's business model to align strategy with employee concerns. O E. inform company personnel about forthcoming changes in the company's strategy.