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Performance Measurement

Total questions: 60

Worksheet time: 2hrs 59mins

Name
Class
Date
1.

Return on investment =

a)

(Operating profit ÷ Cost ) x 100

b)

(Operating profit ÷ Investment) x 100

c)

(Operating profit ÷ Revenue) x 100

d)

(Operating profit ÷ Sales) x 100

2.

Residual Income =

a)

Operating profit - (Return on sales x Income)

b)

(Operating profit - Required rate of return) x Investment

c)

Operating profit - (Required rate of return x Invesment)

d)

Operating profit - (Required rate of return x Operating profit)

3.

Set goals or set of goals.

Define the current situation.

Identify things that help and hinder goals.

Develop a plan or set of actions to achieve the goal.


Are steps in ...

a)

evaluating

b)

actuating

c)

planning

d)

monitoring

4.

Balance Scorecard, Integrated Performance Measurement System, Cambridge Model, and Human Resource Scorecard are model in...

a)

Management System

b)

Coaching System

c)

Planning System

d)

Measurement System

5.

debt $ 10,000; common stock $ 50,000 and cost of debt 9% and T=40%. Cost of common stock 10%.

Calculate the WACC!

a)

!5%

b)

16%

c)

17%

d)

18%

6.

kd=9%

T=10%

D1= $ 5

P0=$ 100

g=5%

ks?

a)

5.40%

b)

3.60%

c)

10%

d)

6%

7.

kd=9%

T=10%

D1= $ 5

P0=$ 100

g=5%

ki?

a)

3.60%

b)

6.00%

c)

5.40%

d)

10.00%

8.

kd=cost of debt and ki the real cost of debt after tax..

a)

kd=ki

b)

kd=ki (1-T)

c)

ki=kd (1-T)

d)

ki=kp (1-T)

9.

Initial amount of project was $ 20,000 and net cash flow the project of year 1: $ 5,000; year 2: $ 6,000; year 3: $ 8,000; year 4: 10,000. The MIRR

a)

16%

b)

15%

c)

20%

d)

23%

10.

Initial amount of project was $ 20,000 and net cash flow the project of year 1: $ 5,000; year 2: $ 6,000; year 3: $ 8,000; year 4: 10,000. The IRR

a)

16%

b)

15%

c)

20%

d)

23%

11.

Initial amount of project was $ 20,000 and net cash flow the project of year 1: $ 5,000; year 2: $ 6,000; year 3: $ 8,000; year 4: 10,000. The payback period for

a)

4,00 years

b)

3,80 years

c)

3,10 years

d)

3,00 years

12.
Profit is important to businesses because:
a)
it improves businesses, cash balances
b)
it can be used to measure business size
c)
it is a measure of businesses, success
d)
businesses need to pay taxes to the government
13.

Cost centres are:

a)

units of product or service for which costs are ascertained

b)

amounts of expenditure attributable to various activities

c)

functions or locations for which costs are ascertained and related to cost units

d)

a section of an organisation for which budgets are prepared and control exercised

14.

Which of the following is the financial goal of a firm?

a)

Maximise the shareholders' wealth

b)

Maximise the costs

c)

Maximise the consolidated profit

d)

Maximise the managers' wealth

15.

the activity and set of processes that aim to maintain and improve employee performance in line with an organisation's objectives is called ...

a)

Performance Management

b)

Performance Evaluation

c)

Performance

d)

Management

16.

Balance Scorecard, Integrated Performance Measurement System, Cambridge Model, and Human Resource Scorecard are model in...

a)

Management System

b)

Coaching System

c)

Planning System

d)

Measurement System

17.
Tujuan dari pengukuran adalah untuk mengetahui . . . . . ., kecuali:
a)
Apa yang telah dicapai
b)
Status saat ini
c)
Sasaran yang akan dicapai
d)
Bagaimana mencapai sasaran
e)
Apa yang belum dicapai
18.
Menurut Neely, dimensi yang tidak masuk dalam definisi kinerja adalah:
a)
Waktu
b)
Biaya
c)
Kualitas
d)
Fleksibilitas
e)
Produktivitas
19.
Sistem pengukuran kinerja yang baik harus selalu menyediakan . . . . .
a)
Nilai deskriptif
b)
Nilai diagnostik
c)
Nilai prediktif
d)
Semua salah
e)
Semua benar
20.
Hierarki pada ukuran kinerja memiliki keunggulan sbb . . . . . , kecuali . . . . . .
a)
Memberikan informasi kinerja yang relevan kepada setiap tingkatan manajemen <br />
b)
Ukuran pada tingkat lebih rendah dapat digabungkan menjadi ukuran pada tingkat lebih tinggi
c)
Ukuran pd tingkat lebih tinggi dapat didekomposisi menjadi ukuran pada tingkat yang lebih rendah
d)
Memberikan informasi yang tepat pada waktu yang tepat
e)
Dapat menghemat waktu pengukuran
21.
Hasil/ukuran yang tidak dipertimbangkan dalam pengukuran kinerja pemasaran adalah . . . . . .
a)
Penjualan
b)
Pangsa pasar
c)
Profitabilitas
d)
Harga saham
e)
Harga produk
22.
Ukuran yang tidak dipertimbangkan dalam pengukuran kinerja operasional adalah . . . . . .
a)
Kualitas
b)
Kecepatan
c)
Biaya
d)
Fleksibilitas
e)
Laba
23.
Manfaat dari metode Economic Value Added adalah . . . . . , kecuali:
a)
Sasaran manajemen sesuai dengan keputusan pemegang saham
b)
Lebih memperhatikan kebijakan struktur modal
c)
Mampu mengidentifikasi investasi yang memaksimalkan tingkat pengembalian (ROI)
d)
Mampu mengidentifikasi proyek yang dapat meningkatkan nilai perusahaan
e)
Lebih memperhatikan kepuasan konsumen
24.

Key point dari manajemen kinerja adalah :

a)

Do & Check

b)

Sustainable Performance

c)

Improvement Process

d)

Continuous Process

25.

Berdasarkan tipenya, Performance Measurement terdiri dari :

a)

Standardize dan Gap Analyze

b)

Determinants dan Result

c)

Objective dan Result

d)

Target dan Realization

26.

1. A division has a residual income of $240,000 and a net profit before imputed interest of $840,000.


If it uses a rate of 10% for computing imputed interest on its invested capital, what is its return on investment (ROI) to the nearest whole

number?

a)

10%

b)

14%

c)

16%

d)

20%

27.

An organisation is divided into a number of divisions, each of which operates as a profit centre. Which of the following would be useful measures to monitor divisional performance?

(i) Contribution

(ii) Controllable profit

(iii) Return on investment

(iv) Residual income

a)

(i) only

b)

(i) and (ii) only

c)

(iii) and (iv) only

d)

All of them

28.

Pengukuran kinerja dilakukan dengan membandingkan realisasi dengan target kinerja. Pengukuran kinerja juga dilakukan dengan cara............

a)

Membandingkan persentase capaian kinerja dengan beberapa tahun sebelumnya.

b)

membandingkan persentase capaian kinerja kegiatan yang sejenis.

c)

Membandingkan capaian kinerja berdasarkan efektifitas dan efisiensi kegiatan.

d)

Membandingkan antara capaian kinerja pimpinan sebelumnya.

29.
suatu proses penilaian kemajuan pekerjaan terhadap tujuan dan sasaran yang telah ditentukan sebelumnya disebut
a)
analisis kesenjagan
b)
Analisis SWOT
c)
Pengukuran kinerja
d)
Semua benar
e)
Semua salah
30.

Berikut pernyataan yang benar tentang mutu dalam konsep mutu modern :

a)

Mutu adalah kesesuaian dengan persyaratan.

b)

Mutu adalah kesesuaian dengan pemakaian.

c)

Mutu adalah kepuasan pelanggan.

d)

Semua pernyataan diatas benar.

31.

Tujuan Manajemen dalam menyediakan sumber daya adalah :

a)

Untuk merealisasikan produk yang dibutuhkan pelanggan.

b)

Untuk menghasilkan organisasi yang berwawasan mutu.

c)

Untuk meningkatkan kepuasan pelanggan dan efektifitas sistem manajemen mutu.

d)

Semua pernyataan diatas benar.

32.

Manakah Metode dalam Pengukuran dan Penilaian Kinerja yang kita gunakan ?

a)

Job Desc (Job Description)

b)

MBO (Management by Objective)

c)

BSC (Balanced Scorecard)

d)

OKR (Objectives and Key Result)

33.

Pengertian Misi

a)

Misi adalah apa yang boleh dan tidak boleh kita lakukan adalah pernyataan nilai organisasi

b)

Misi adalah tujuan spesifik untuk dicapai dalam 3-5 tahun

c)

Misi adalah tujuan keberadaan organisasi

d)

Misi adalah visi

34.

Apakah yang dimaksud dengan strategi ?

a)

Suatu pernyataan yang ringkas dan padat, menjelaskan apa yang organisasi harus lakukan dengan baik dalam rangka eksekusi strategi

b)

Serangkaian aktivitas yang dilakukan secara berbeda dibandingkan dengan pesaing untuk memberikan nilai tambah kepada pelanggan

c)

Proyek spesifik yang harus diimplementasikan untuk mendukung pencapaian sasaran strategis. Suatu proyek biasanya memiliki awal dan akhir

d)

Visualisasi keterkaitan antara sejumlah Sasaran Strategis, dalam bentuk hubungan sebab-akibat, yang menjelaskan “perjalanan” strategi organisasi

35.

"Peta Strategi" memiliki arti

a)

Visualisasi keterkaitan antara sejumlah Sasaran Strategis, dalam bentuk hubungan sebab-akibat, yang menjelaskan “perjalanan” strategi organisasi

b)

Proyek spesifik yang harus diimplementasikan untuk mendukung pencapaian sasaran strategis.

Suatu proyek biasanya memiliki awal dan akhir

c)

Suatu pernyataan yang ringkas dan padat, menjelaskan apa yang organisasi harus lakukan dengan baik dalam rangka eksekusi strategi

d)

Serangkaian aktivitas yang dilakukan secara berbeda dibandingkan dengan pesaing untuk memberikan nilai tambah kepada pelanggan

36.

period of reduced economic activity

a)

standard of living

b)

recession

c)

debit

d)

entrepreneur

37.

a person who organizes, manages, and takes on the risks of a business

a)

recession

b)

entrepreneur

c)

creditor

d)

debtor

38.

If a firm produces a return on assets of 15 percent and also a return on equity of 15 percent, then the firm:

a)

has no net working capital.

b)

also has a current ratio of 15.

c)

has an equity multiplier of 2.

d)

has no debt of any kind.

39.

The equity multiplier is measured as total:

a)

equity divided by total assets.

b)

assets minus total equity, divided by total assets.

c)

assets divided by total equity.

d)

assets plus total equity, divided by total debt.

40.

Which one of the following depicts a correct relationship

a)

ROA = ROE × (1 + Debt-equity ratio)

b)

Total asset turnover = 1 + Capital intensity ratio

c)

Equity multiplier = 1 – Debt-equity ratio

d)

Dividend payout ratio = 1 – Retention ratio

41.

Which ratio is not the part of 5 factor Dupont Analysis?

a)

EBT/EBIT

b)

NI/EBT

c)

NI/Sales

d)

Sales/TA

42.

Positive factors that are not within the control of the business.

a)

Strength

b)

Weaknesses

c)

Opportunities

d)

Threats

43.

A firm should use .............. when evaluating an investment

a)

the least costly source of financing

b)

the most costly source of financing

c)

the weighted average cost of all financing sources

d)

the current opportunity cost

44.

A corporation has concluded that its financial risk premium is too high. In order to decrease this, the firm can

a)

increase the proportion of long term debt to decrease the cost of capital

b)

increase the proportion of short term debt to decrease the cost of capital

c)

decrease the proportion of common stock equity to decrease financial risk

d)

increase the proportion of common stock equity to decrease financial risk

45.

A firm has common stock with a market price of $25 per share and an expected dividend of $2 per share at the end of the coming year. The growth rate in dividends has been 5%. The cost of the firm's commonstock equity is

a)

5%

b)

8%

c)

10%

d)

13%

46.

The Capital Structure of a company means

a)

the proportion between LT debt and equity

b)

the proportion between liability and equity

c)

the proportion between liability and total asset

d)

the proportion between ST debt + LT debt and equity

47.

Y Ltd. issues 14% prefernce shares of face value of Rs.100 each whch realizes Rs.92 per share for the company. The shares are repayable after 12 years at par. Calcualate the cost of preference shares.

(a)  

48.

The market price of equity shares of NG Ltd. is Rs.140. If annual dividend expected by the investors is Rs.30 per share, determine the cost of capital.

(a)  

49.

A company has cost of debt of 6% and cost of equity of 15%. In this country, the corporate income tax rate is 20%. If the company has target debt to total capital ratio of 40%, its WACC is closest to:

a)

10.9%

b)

11.4%

c)

8.88%

d)

9.6%

50.
A company's cost of capital is mainly determined by…
a)
The risk of its underlying businesses.
b)
Its relationship with investors.
c)
Its choices of sources of capital.
d)
The corporate income tax rate.
51.

[HARD] Suppose the market-to-book ratio is 1.5x. From the information provided, the appropriate capital structure for WACC calculation is closest to:

a)

35.3%

b)

26.7%

c)

38.9%

d)

63.6%

52.

[HARD] Suppose the market-to-book ratio is 1.5x. From the information provided, the company's WACC is closest to:

a)

9.9%

b)

10.1%

c)

9.2%

d)

9.5%

53.

[HARD] Suppose EBIT is 250. From the information provided, the company's ROIC is closest to:

a)

11.8%

b)

14.7%

c)

9.8%

d)

13.9%

54.

[HARD] From the information provided and results from earlier questions, if the company's perpetual growth rate of free cash flow is 2%, the enterprise value is closest to: (Hint: you may want to look up the notes on equity valuation.)

a)

2,109

b)

2,027

c)

1,800

d)

1,700

55.

ABC Ltd. issues 12 % debentures of face value of Rs.100 each and realizeds Rs.95 per debenture for the comapny. It is redeemable after 10 years at 10% Premium. The company comes under 50% corporate tax. Calculte cost of debt.

(a)  

56.

The following information availble from the balance sheet of a company;

Equity share capital (20,000 shares of 10 each) Rs. 2,00,000

Reserves and Surplus - Rs. 1,30,000

8% Debentures - Rs. 1,70,000

The rate of tax of the compnay is 50%. Current level of the equity dividend is 12%. Calcualate the WACC

(a)  

57.

The cost of equity of a comapny is 20%. The persoal incometax rate is 30%. Assuming that dividend received is subject to tax and the cost of investment incuding brokerage is 2%. Determine the cost of retained earnings

(a)  

58.
Your risk tolerance for investing should be determined by these two factors:
a)
Your stocks and bonds
b)
Your time horizon and when you will need access to the money
c)
Your debits and credits
d)
Your education level and ethnicity
59.

A __________ structure is composed of self-contained units or divisions.

a)

Matrix

b)

Learning

c)

Simple

d)

Divisional

60.

__________ is the principle in which an employee should have only one supervisor to whom he or she is responsible.

a)

Supervision

b)

Span of control

c)

Chain of command

d)

Work specialization