Narrative 15-1 Pacific Western Brewing Company Is a Microbrewery in Prince George,B.C

question 25

Multiple Choice

Narrative 15-1
Pacific Western Brewing Company is a microbrewery in Prince George,B.C. It produces Ironhorse full-flavoured lager,a dark beer called Pacific Schwarzbock,and several other beers. Its owner Kazuko Komatsu believes the brewery's competitive advantage comes from having hired an experienced German brewmaster,Henrik Braun,to oversee the production of its beers. The brewmaster checks all of the ingredients before they are mixed together to make sure that each component is of the highest possible quality and rejects those that are not. After the beer has brewed,the brewmaster runs several tests on the beer to check for taste and clarity and throws out barrels that are cloudy and/or bitter.
-Refer to Narrative 15-1. What can be said about the areas of the brewery's activities that will be evaluated by using the balanced scorecard?

• A)The innovation and learning perspective of the balanced scorecard examines such activities as how quickly the brewery can get a new beer to market. 
• B)The balanced scorecard does not examine the brewery's financial performance. 
• C)The stakeholder perspective of the balanced scorecard looks at the brewery's code of ethics. 
• D)Like the income statement,the balanced scorecard simply provides a snapshot of the brewery's performance.

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Definitions:

Perpetual Inventory System

An inventory management method that continuously updates the count and value of inventory, reflecting additions and subtractions in real-time.

FOB Shipping Point

An Incoterm indicating that the buyer assumes ownership and risk for goods at the point of departure from the seller's shipping location.

Credit Memo

A credit memo is a document issued by a seller to a buyer, reducing the amount that the buyer owes to the seller under previous transactions, often due to a return or a mistake.

Periodic Inventory System

An inventory tracking method where physical counts are performed at specific intervals to determine the cost of goods sold and ending inventory.