In Current Times the Focus of Managers Has Tended to Shift

question 1

Multiple Choice

In current times the focus of managers has tended to shift away from measurement systems that rely on financial data to the design of total management systems. Which of the following is not a total management system?

• A) Total quality management (TQM)
• B) Activity-based costing (ABC)
• C) The balanced scorecard (BSC)
• D) Management by objectives (MBO)

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Definitions:

Depreciation Journal Entry

An accounting record that reflects the allocation of the cost of a tangible asset over its useful life.

Depreciable Cost

The total cost of an asset that is subject to depreciation over its useful life, excluding salvage value.

Double-Declining-Balance Rate

A method of accelerated depreciation which doubles the rate at which an asset’s book value is depreciated compared to straight-line depreciation.

Double-Declining-Balance Depreciation

An accelerated method of depreciation where an asset's book value is decreased at double the rate of straight-line depreciation.