On a balanced scorecard, which of the following is not a customer measure?
Answer(s): B
Customer measures include market share and its trend, service response time, delivery performance, warranty returns, expense, complaints, and survey results. Economic value added, or E1 A, is a financial measure.
Under the balanced scorecard concept, employee satisfaction and retention are measures used under which of the following perspectives?
Answer(s): C
The balanced scorecard is an accounting report that connects the firm's critical success factors CSFs) determined in a strategic analysis to measures of its performance. CSFs are financial and nonfinancial measures. For the learning, growth, and innovation perspective, the CSFs may be development of new products, promptness of their introduction, human resource development, morale, and competence of the workforce. Measures of employee satisfaction, retention, and competence may include RD personnel qualifications, hours of training, skill set levels attained, personnel turnover, and personnel complaints and survey results.
On a balanced scorecard, which is more of an internal process measure than an external based measure?
Answer(s): A
Cycle time is the manufacturing time to complete an order. Thus, cycle time is strictly related to internal processes. Profitability is a combination of internal and external considerations.Customer satisfaction and market share are related to how customers perceive a product and how competitors react.
Which one of the following is not a characteristic of an innovative manufacturing company?
Innovative companies are customer driven. Because customers demand ever better quality and competitors are attempting to provide that quality, continuous improvement called kaizen by the Japanese) is essential for such companies. Thus, the flaw of innovative products and services must be continuous. Simply emphasizing existing products is not an effective strategy for most organizations.
A balanced scorecard is primarily concerned with:
The scorecard is primarily a tool to assist the organization in describing and clarifying its strategy and then alignment of its performance measures to that strategy.
Post your Comments and Discuss IIA IIA-CIA-Part3 exam dumps with other Community members:
Gosia Commented on February 04, 2025 Hi, did you have the same questions on exams? POLAND
Becky Commented on January 09, 2025 Exam collections here awesome. Kudos Anonymous
Shehata mohamed Commented on December 13, 2023 Many thanks cia part 3 Anonymous
IIA-CIA-Part3 Commented on July 16, 2023 CIA Exam Part Three: Business Knowledge for Internal Auditing Anonymous
KC Commented on December 20, 2017 Very helpful. For a another braindump I paid almost 4 times this and got the same material. Then I came across this site. Can't believe the same set of questions and answers are sold for almost a fraction of a price with much better quality and support. UNITED STATES