CGA CGA Performance Management & Analytics

Question 1

A balanced scorecard measures organizational performance across how many perspectives?

Accepted Answer

Four

Answer

Two

Answer

Three

Answer

Five

Question 2

Which type of variance measures the difference between actual hours worked and standard hours allowed, multiplied by the standard labor rate?

Accepted Answer

Labor efficiency variance

Answer

Labor rate variance

Answer

Labor mix variance

Answer

Labor yield variance

Question 3

What is a key performance indicator (KPI)?

Accepted Answer

A quantifiable measure used to evaluate progress toward critical business objectives

Answer

An annual financial audit result

Answer

A benchmark derived from competitor financial ratios

Answer

A regulatory requirement for public companies

Question 4

Which cost concept distinguishes between costs that change with production volume and costs that remain fixed?

Accepted Answer

Variable vs. fixed costs

Answer

Direct vs. indirect costs

Answer

Product vs. period costs

Answer

Standard vs. actual costs

Question 5

A company has a contribution margin ratio of 40% and fixed costs of $200,000. What is the breakeven point in sales dollars?

Accepted Answer

$500,000

Answer

$80,000

Answer

$333,333

Answer

$280,000

Question 6

What does Economic Value Added (EVA) measure?

Accepted Answer

The value created above and beyond the required return on capital

Answer

A company's gross profit after taxes

Answer

Total shareholder return over a period

Answer

Revenue growth adjusted for inflation