Which of the Following Is True of the Performance Evaluation

question 64

Multiple Choice

Which of the following is true of the performance evaluation measures adopted by Japanese and U.S. MNCs?

• A) The performance evaluation measures adopted by Japanese and U.S. MNCs are very similar in nature.
• B) Unlike U.S. MNCs that assign responsibilities to the individual, Japanese companies assign responsibility to the group.
• C) Japanese companies use balanced scorecard for performance evaluations, whereas U.S. companies don't.
• D) Budget variances are used for evaluating performance in Japanese MNCs, whereas U.S. managers view these variances as providing information that can be used to improve performance.

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Definitions:

Loan Interest

The additional money paid to a lender in return for borrowing money, calculated as a percentage of the loan amount.

Stationery Expenses

Costs associated with office supplies such as paper, pens, and envelopes, used in the daily operations of a business.

Management Accounting

The method involves creating managerial reports and financial records that deliver precise and prompt financial and statistical data needed by managers for making daily and near-term decisions.

Decision Making

The process of choosing among multiple options or courses of action, based on factors such as data analysis, strategic goals, and resource availability.