You Will Study With Me.

[Royal]

What characteristics define information quality?

Appropriate content
Timely presentation
Current (most recent)
Accuracy
Accessibility

[Royal]

What dimensions or categories of business operation are frequently identified by the balance scorecard?

Finance
Internal Business Processes
Customer Satisfaction
Advancement of Human Resource Innovation

[Pigeon]

What characteristics define information quality?

Accuracy

The other are opinion.

"I don't like the info or cannot access it so it is not good quality". Oh yeah. But then this is for business - so only how it looks and bottom line matter.

[Pigeon]

What dimensions or categories of business operation are frequently identified by the balance scorecard?

Finance

It is perhaps the best known of several such frameworks (it is the most widely adopted performance management framework reported in the annual survey of management tools undertaken by Bain & Company, and has been widely adopted in English-speaking western countries and Scandinavia in the early 1990s

What happens when something gets associated with Bain & Company:

You lose your ass while they get rich and buy political positions.

[Royal]

What dimensions or categories of business operation are frequently identified by the balance scorecard?

Finance

It is perhaps the best known of several such frameworks (it is the most widely adopted performance management framework reported in the annual survey of management tools undertaken by Bain & Company, and has been widely adopted in English-speaking western countries and Scandinavia in the early 1990s

What happens when something gets associated with Bain & Company:

You lose your ass while they get rich and buy political positions.

HA! caught that too. I read something about Bain & Co in the Balanced Sorecard wiki entry and said "wait a second..."

[Royal]

[Royal]

Define: Risk Appetite

The willingness of a company to assume risk. Often portrayed on a risk map as the tradeoff between the likelihood if unfavorable events and the degree to which those events will impact achievement of goals.

[Royal]

Identify the manufacturing overhead variances


One-way

Actual OH - Applied OH


Two-Way

Budget (Controllable) Variances = Actual OH - [Budgeted FOH + (Std DLH x Std VOH rate)]
Volume (Noncontrollable) Variances = [Budgeted FOH + (Std DLH x Std VOH rate)] -Applied OH

Three-Way

Spending Vairance = Acutal OH - [Budgeted FOH + (Actual DLH x Std VOH rate)]
Efficiency variance = [Budgeted FOH + (Actual DLH x Std VOH rate)] - [Budgeted FOH + (Std DLH x Std VOH rate)]
Volume Variance = [Budgeted FOH + (Std DLH x Std VOH Rate)] - Applied OH


Applied OH = Applied OH (Standard rate x allowable hours or other input)

[Royal]

Two types of events within the context of enterprise risk management:


Positive Events (Oppurtunities)
Negative Events (Representing risks)

[Royal]

List and Define the Types of Responsibility Segments that are used to establish business performance measures

Cost SBU Managers are held responsible for controlling costs
Revenue SBU Managers are held responsible for generating revenues
Profit SBU Managers are held responsible for producing target profit
Investment SBU Managers are held responsible for return on investment