alleryStart learning →Which benchmarking centres on a single function such as HR?
- Functional
- Collaborative
- Financial
- Strategic
Show answer and solution
Correct answer: A. Functional
Functional benchmarking focuses on one function to improve its operation.
CA Final Strategic Performance Measures — practice questions — page 3
Explore 70 free Strategic Performance Measures questions in CA Final Cost and Management Accounting. Open each question or exercise to read its content, reference answers and available explanation.
Practise Strategic Performance Measures with Quill →Strategic Performance Measures questions and exercises with answers
Showing questions 61–70 of 70.
Which benchmarking centres on a single function such as HR?Read the answer and worked solution →Which is a main cost of running benchmarking?Read the answer and worked solution →What is the first stage of the 12 stage benchmarking method?Read the answer and worked solution →Who argued corporate strategy is tested by value created for shareholders?Read the answer and worked solution →Which is one of the seven shareholder value drivers?Read the answer and worked solution →How many drivers does the widely used shareholder value model have?Read the answer and worked solution →In which year did Robert Hamilton publish his book on profit less a capital charge?Read the answer and worked solution →Value-based management puts whose interests first?Read the answer and worked solution →The performance prism considers the needs of whom?Read the answer and worked solution →Which framework manages the implementation of corporate strategies?Read the answer and worked solution →
Worked practice questions
Which is a main cost of running benchmarking?
- Visit cost
- Excise cost
- Patent cost
- Dividend cost
Show answer and solution
Correct answer: A. Visit cost
The three main benchmarking costs are visit costs, time costs and database costs.
What is the first stage of the 12 stage benchmarking method?
- Determine the gap
- Implement changes
- Select subject
- Communicate results
Show answer and solution
Correct answer: C. Select subject
The method starts with selecting the subject, then defining the process.
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