2.Which of the following statements regarding multiple measures or a single measure of  performance is not correct? A) The advantage of using branch profits to evaluate branch mangers is that profit is relatively  simple to compute and reflects the organization's ultimate goal. B) The use of multiple measures can influence branch managers' decisions by changing the  components of the performance measurement system to reflect changes in the firm's  strategy. C) If the branch managers are more knowledgeable than the corporate staff about local  conditions and what local clients value, a single measure could be preferable. D) If the corporate office has better knowledge of what it requires to operate a profitable  branch, using multiple measures provides a way to communicate this knowledge and achieve  common branch operations E) All of the above are correct statements.

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter14: The Balanced Scorecard And Corporate Social Responsibility
Section: Chapter Questions
Problem 1CMA: Which of the following statements regarding the balanced scorecard is not correct? a. It seeks to...
icon
Related questions
Question

2.Which of the following statements regarding multiple measures or a single measure of 
performance is not correct?
A)
The advantage of using branch profits to evaluate branch mangers is that profit is relatively 
simple to compute and reflects the organization's ultimate goal.
B)
The use of multiple measures can influence branch managers' decisions by changing the 
components of the performance measurement system to reflect changes in the firm's 
strategy.
C)
If the branch managers are more knowledgeable than the corporate staff about local 
conditions and what local clients value, a single measure could be preferable.
D)
If the corporate office has better knowledge of what it requires to operate a profitable 
branch, using multiple measures provides a way to communicate this knowledge and achieve 
common branch operations
E)
All of the above are correct statements.
5

Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Compensation and Benefits
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,