ANSWER Why does measurement attribute selectionaffect reporting quality?a) Standards fit everything.b) Single measures work universallyc) Selection wastes timed)Different valueinformation needsbases serve varying

Why Measurement Attribute Selection Affects Reporting QualityMeasurement attributes refer to the…

Answered: Why does measurement attribute…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 3Q: Should an organization focus on controllable or uncontrollable factors to effectively implement a...

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The inputs to a model may have different roles. Among the choices, which should be excluded? Choices: A.decision variables B.intermediate calculation C.No choice given D.conversion factors E.historical data
Which of the following is NOT a characteristic of effective information? a. relevance b. accuracy c. summarization d. precision
Identify the appropriate qualitative characteristic(s) being described in the statements below.. Information that is capable of making a difference in a decision is said to have this fundamental quality. Select one: O a. Materiality O b. Comparability O c. None of the answers are correct O d. Faithful representation O e. Relevance
Provide two (2) reasons why ROI, RI and EVA may be inappropriate measures of performance.
Which of the following is not a characteristic of a good performance measurement system? Group of answer choices A. timely B. consistent C. based on activities over which managers have no control or influence D. uses both long- and short-term performances and standards
Should an organization focus on controllable or uncontrollable factors to effectively implement a successful performance measurement system? Explain your answer.
Which of the following statements regarding the balanced scorecard is not correct? a. It seeks to address the problems associated with traditional financial measures used to assess performance. b. The notion of value chain analysis plays a major role in the drawing up of a balanced scorecard. c. It relies on the perception of the users with regard to service provided. d. It is directly derived from scientific management theories.
For each of the following pairs of information characteristics, give an example of a situation in which one of the characteristics may be sacrificed in return for a gain in the other. Relevance and faithful representation. Relevance and consistency. Comparability and consistency. Relevance and understandability.
Which is affected by measurement inconsistency and measurement uncertainty?
Match each of the components of faithful representation with its definition.Faithful Representation Definition1 . Freedom from error a. All information necessary to describe an item is reported. 2. Neutrality b. Information that does not bias the decision maker. 3. Completeness c. Reported amounts reflect the best available information.

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Why does measurement attribute selection affect reporting quality? a) Standards fit everything. b) Single measures work universally c) Selection wastes time d) Different value information needs bases serve varying