Answered: performance evaluation

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter11: Strategic Cost Management

Section: Chapter Questions

Problem 2DQ: What is customer value? How is customer value related to a cost leadership strategy? To a...

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Question

1. Explain the concept of performance evaluation and control system.
2. Enumerate the advantages of performance evaluation and control system.
3. Explain the rationale of transfer pricing.
4. What is return on investment, and how is it calculated?
5. What are the advantages and limitations of return on investment?
6. What are the measurement issues to be concerned about when using return on investment?
7. Define productivity.
8. Why is it important for a firm that follows a strategy of being the cost leader to improve productivity?
9. What is incentive compensation?
10. What type of organization is best suited to incentive compensation plans?

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