Q. Cost Audit is comprised in which of the following steps?
✅ Correct Answer: (C)
Review, Verification, Reporting
Enterprise Performance Management (EPM) MCQs and Notes
Q. What do we call a formal comparison of the actual costs and benefits of a project with original estimates?
✅ Correct Answer: (A)
Post-completion audit
Q. Sale of machine of machine merchandising business is –
✅ Correct Answer: (D)
Revenue receipt
Q. Controllable costs, as used in a responsibility accounting system, consist of:
✅ Correct Answer: (C)
Those costs that a manager can influence in the time period under review.
Q. Which transfer pricing method will preserve the subunit autonomy?
✅ Correct Answer: (B)
Negotiated pricing
Q. Which of the following statements about performance management systems is not true?
✅ Correct Answer: (D)
They improve organisational performance in the long-term
Q. When managers of subunits throughout an organization strive to achieve the goals set by top management, the result is
✅ Correct Answer: (A)
Goal congruence
Q. What is the term used to describe the value assigned to the goods or services sold or rented from one unit of an organization to another
✅ Correct Answer: (C)
Transfer price
Q. What is not included in a firm’s expenses?
✅ Correct Answer: (D)
Dividends
Q. What is a measure of operating performance that indicates how successful the firm has been at increasing its MVA in a given year.
✅ Correct Answer: (A)
Economic value added (EVA)