Question Tag: Benchmarking

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PM – Nov 2014 – L2 – Q3 – Divisional Performance Measurement

Compare financial performance of Purity Nigeria Ltd. and Benchmark Co. Ltd using key financial ratios and offer strategic improvement recommendations.

Question

Purity Nigeria Limited is a company that produces table water. The company’s board
plans to restructure its operations with the aim of boosting its market share and
profitability.

The financial results of Purity Nigeria Limited and Bench Mark Co. Limited, which is
the leader in the industry, are as follows:

Operating Statements for the year ended 31 December, 2013

Summarised Statements of Financial Position as at 31 December, 2013.

Required:

a. Compute the following performance indices for both companies:
i Profit margin
ii. Asset turnover
iii. Returns On Capital Employed (ROCE)
iv. Current ratio
v. Debt-equity ratio (5 Marks)

b. Compare and analyse the performance of the two companies computed in (a)
above and explain what the board of Purity Nigeria Limited needs to do to
achieve their objectives. (10 Marks)

c. What other non-financial measures can influence the decision of the board of
Purity Nigeria Limited? (5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Asset Turnover, Benchmarking, Current Ratio, Debt-equity ratio, Profit margin, ROCE
Level: Level 2

Topic: Divisional Performance Measurement

MI – Nov 2015 – L1 – SB – Q4b – Information Systems

Summary: Describes three main methods used to monitor performance in IT-based organizations.

Question

State and describe briefly THREE main methods of monitoring performance in
an IT based organisation. (6 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Benchmarking, Information Systems, IT Management, Key Performance Indicators, Performance Monitoring, Service Level Agreements
Level: Level 1

Topic: Information Systems Development and Security
Series: NOV 2015

MA – Aug 2022 – L2 – Q1 – Other aspects of performance measurement

This question asks about the Balanced Scorecard concept, its differences from traditional measures, and benchmarking to improve company performance.

Question

Ancient Ltd is a company engaged in the assembling and selling of computers, mobile phones, and their accessories. This company has been the market leader for the last 5 years in this field but is now incurring losses due to decreasing demand and escalating production costs. Currently, the company evaluates its performance using financial measures. The managing director of Ancient Ltd has learned at a recently attended workshop that the concepts of Balanced Scorecard and Benchmarking could be used to improve the performance of organizations. It was also noted that the Balanced Scorecard should be considered at the strategic planning stage in order to set smart objectives.

Required:
a) Explain the concept of the Balanced Scorecard approach to performance measurement.
(2 marks)

b) State TWO (2) differences between the Balanced Scorecard and Traditional Performance measures.
(3 marks)

c) Explain the role of each perspective of the Balanced Scorecard approach at the strategic planning stage. (You are required to give an example of performance measures for each perspective.)
(8 marks)

d) How can the concept of benchmarking be used to improve the performance of Ancient Ltd.?
(3 marks)

e) Explain with an example, how benchmarking could be used to improve performance measures in relation to the customer perspective of Ancient Ltd’s Balanced Scorecard.
(4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Balanced Scorecard, Benchmarking, Customer perspective, Financial measures, Internal Perspective, Performance Measurement, Strategic Planning
Level: Level 2

Topic: Other Aspects of Performance Measurement
Series: AUG 2022

MA – May 2020 – L2 – Q2a – Other Aspects of Performance Measurement

Discuss four management concepts that can be used by a management accountant to achieve customer satisfaction.

Question

a) Given the dynamic environment within which organisations operate, the Management Accountant’s role has evolved to include providing information that would assist the firm to design strategies geared towards achieving competitive advantage through sustained customer satisfaction. These strategies target key success factors which include cost efficiency, quality, time, and innovation because of the value placed on them by customers.

Required:

i) Discuss FOUR (4) management concepts that the Management Accountant can use to achieve customer satisfaction. (8 marks)

ii) State FOUR (4) questions that a good decision maker might pose in order to make an assessment of the value of information. (2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Benchmarking, Customer Satisfaction, Employee empowerment, Management Concepts, TQM, Value chain analysis
Level: Level 2

Topic: Other Aspects of Performance Measurement
Series: MAY 2020

MA – April 2022 – L2 – Q1c – Performance analysis

Explain the different types of benchmarking relevant to the CEO of Gyakie Ltd.

Question

Gyakie currently faces tough competition with the major players in its market. To secure or increase its market position, the CEO has suggested a benchmarking exercise, although he has little knowledge in benchmarking exercises.

Required:

Explain the meaning of the following types of benchmarking to the CEO:

i) Internal benchmarking (2 marks)

ii) Competitive benchmarking (2 marks)

iii) Functional benchmarking (2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Benchmarking, Competitive Benchmarking, Functional Benchmarking, Internal Benchmarking
Level: Level 2

Topic: Performance analysis
Series: APR 2023

CSEG – May 2017 – L2 – Q6a – Strategy evaluation and control

Discuss strategic issues for Adama Group and explain how the Balanced Scorecard can be used to monitor performance.

Question

The chairman of Adama Group, which is large and diversified, has expressed concern about the inadequacies of the present voluminous monthly reports submitted to the Board. He acknowledges that it compares budget and actual results for all operations, and that it contains extensive reporting of non-financial indicators such as customer satisfaction and factory performance towards Total Quality Management (TQM). However, he regards much of this as operational detail, and considers that the report should place more emphasis on strategic issues.

A strategy consultant is currently assisting the Group to implement a Balanced Scorecard to effectively monitor the performance of managers.

Required:

i) Explain THREE strategic issues that should engage the attention of the Board of Directors of Adama Group. (6 marks)

ii) Explain how Balanced Scorecard can be used to monitor and measure performance in Adama Group. (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Benchmarking, Performance Improvement, Strategic Management
Level: Level 2

Topic: Strategy evaluation and control
Series: MAY 2017

CSEG – Nov 2017 – L2 – Q6a – Strategy evaluation and control

Explain the concept of benchmarking and identify the advantages that companies gain from benchmarking.

Question

In the business world, companies use benchmarking as a point of reference. Benchmarking occurs across all types of companies and industries. Many companies have positions or offices that are in charge of benchmarking.

Required:

i) Explain the term benchmarking. (2 marks)

ii) Explain FOUR advantages companies gain from benchmarking. (8 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Benchmarking, Performance Improvement, Strategic Evaluation
Level: Level 2

Topic: Strategy evaluation and control
Series: NOV 2017

PM – Nov 2014 – L2 – Q3 – Divisional Performance Measurement

Compare financial performance of Purity Nigeria Ltd. and Benchmark Co. Ltd using key financial ratios and offer strategic improvement recommendations.

Question

Purity Nigeria Limited is a company that produces table water. The company’s board
plans to restructure its operations with the aim of boosting its market share and
profitability.

The financial results of Purity Nigeria Limited and Bench Mark Co. Limited, which is
the leader in the industry, are as follows:

Operating Statements for the year ended 31 December, 2013

Summarised Statements of Financial Position as at 31 December, 2013.

Required:

a. Compute the following performance indices for both companies:
i Profit margin
ii. Asset turnover
iii. Returns On Capital Employed (ROCE)
iv. Current ratio
v. Debt-equity ratio (5 Marks)

b. Compare and analyse the performance of the two companies computed in (a)
above and explain what the board of Purity Nigeria Limited needs to do to
achieve their objectives. (10 Marks)

c. What other non-financial measures can influence the decision of the board of
Purity Nigeria Limited? (5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Asset Turnover, Benchmarking, Current Ratio, Debt-equity ratio, Profit margin, ROCE
Level: Level 2

Topic: Divisional Performance Measurement

MI – Nov 2015 – L1 – SB – Q4b – Information Systems

Summary: Describes three main methods used to monitor performance in IT-based organizations.

Question

State and describe briefly THREE main methods of monitoring performance in
an IT based organisation. (6 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Benchmarking, Information Systems, IT Management, Key Performance Indicators, Performance Monitoring, Service Level Agreements
Level: Level 1

Topic: Information Systems Development and Security
Series: NOV 2015

MA – Aug 2022 – L2 – Q1 – Other aspects of performance measurement

This question asks about the Balanced Scorecard concept, its differences from traditional measures, and benchmarking to improve company performance.

Question

Required:
a) Explain the concept of the Balanced Scorecard approach to performance measurement.
(2 marks)

b) State TWO (2) differences between the Balanced Scorecard and Traditional Performance measures.
(3 marks)

d) How can the concept of benchmarking be used to improve the performance of Ancient Ltd.?
(3 marks)

e) Explain with an example, how benchmarking could be used to improve performance measures in relation to the customer perspective of Ancient Ltd’s Balanced Scorecard.
(4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Balanced Scorecard, Benchmarking, Customer perspective, Financial measures, Internal Perspective, Performance Measurement, Strategic Planning
Level: Level 2

Topic: Other Aspects of Performance Measurement
Series: AUG 2022

MA – May 2020 – L2 – Q2a – Other Aspects of Performance Measurement

Discuss four management concepts that can be used by a management accountant to achieve customer satisfaction.

Question

Required:

i) Discuss FOUR (4) management concepts that the Management Accountant can use to achieve customer satisfaction. (8 marks)

ii) State FOUR (4) questions that a good decision maker might pose in order to make an assessment of the value of information. (2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Benchmarking, Customer Satisfaction, Employee empowerment, Management Concepts, TQM, Value chain analysis
Level: Level 2

Topic: Other Aspects of Performance Measurement
Series: MAY 2020

MA – April 2022 – L2 – Q1c – Performance analysis

Explain the different types of benchmarking relevant to the CEO of Gyakie Ltd.

Question

Required:

Explain the meaning of the following types of benchmarking to the CEO:

i) Internal benchmarking (2 marks)

ii) Competitive benchmarking (2 marks)

iii) Functional benchmarking (2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Benchmarking, Competitive Benchmarking, Functional Benchmarking, Internal Benchmarking
Level: Level 2

Topic: Performance analysis
Series: APR 2023

CSEG – May 2017 – L2 – Q6a – Strategy evaluation and control

Discuss strategic issues for Adama Group and explain how the Balanced Scorecard can be used to monitor performance.

Question

A strategy consultant is currently assisting the Group to implement a Balanced Scorecard to effectively monitor the performance of managers.

Required:

i) Explain THREE strategic issues that should engage the attention of the Board of Directors of Adama Group. (6 marks)

ii) Explain how Balanced Scorecard can be used to monitor and measure performance in Adama Group. (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Benchmarking, Performance Improvement, Strategic Management
Level: Level 2

Topic: Strategy evaluation and control
Series: MAY 2017

CSEG – Nov 2017 – L2 – Q6a – Strategy evaluation and control

Explain the concept of benchmarking and identify the advantages that companies gain from benchmarking.

Question

Required:

i) Explain the term benchmarking. (2 marks)

ii) Explain FOUR advantages companies gain from benchmarking. (8 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Benchmarking, Performance Improvement, Strategic Evaluation
Level: Level 2

Topic: Strategy evaluation and control
Series: NOV 2017

Question Tag: Benchmarking

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PM – Nov 2014 – L2 – Q3 – Divisional Performance Measurement

Compare financial performance of Purity Nigeria Ltd. and Benchmark Co. Ltd using key financial ratios and offer strategic improvement recommendations.

MI – Nov 2015 – L1 – SB – Q4b – Information Systems

Summary: Describes three main methods used to monitor performance in IT-based organizations.

MA – Aug 2022 – L2 – Q1 – Other aspects of performance measurement

This question asks about the Balanced Scorecard concept, its differences from traditional measures, and benchmarking to improve company performance.

MA – May 2020 – L2 – Q2a – Other Aspects of Performance Measurement

Discuss four management concepts that can be used by a management accountant to achieve customer satisfaction.

MA – April 2022 – L2 – Q1c – Performance analysis

Explain the different types of benchmarking relevant to the CEO of Gyakie Ltd.

CSEG – May 2017 – L2 – Q6a – Strategy evaluation and control

Discuss strategic issues for Adama Group and explain how the Balanced Scorecard can be used to monitor performance.

CSEG – Nov 2017 – L2 – Q6a – Strategy evaluation and control

Explain the concept of benchmarking and identify the advantages that companies gain from benchmarking.

PM – Nov 2014 – L2 – Q3 – Divisional Performance Measurement

Compare financial performance of Purity Nigeria Ltd. and Benchmark Co. Ltd using key financial ratios and offer strategic improvement recommendations.

MI – Nov 2015 – L1 – SB – Q4b – Information Systems

Summary: Describes three main methods used to monitor performance in IT-based organizations.

MA – Aug 2022 – L2 – Q1 – Other aspects of performance measurement

This question asks about the Balanced Scorecard concept, its differences from traditional measures, and benchmarking to improve company performance.

MA – May 2020 – L2 – Q2a – Other Aspects of Performance Measurement

Discuss four management concepts that can be used by a management accountant to achieve customer satisfaction.

MA – April 2022 – L2 – Q1c – Performance analysis

Explain the different types of benchmarking relevant to the CEO of Gyakie Ltd.

CSEG – May 2017 – L2 – Q6a – Strategy evaluation and control

Discuss strategic issues for Adama Group and explain how the Balanced Scorecard can be used to monitor performance.

CSEG – Nov 2017 – L2 – Q6a – Strategy evaluation and control

Explain the concept of benchmarking and identify the advantages that companies gain from benchmarking.

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Question Tag: Benchmarking

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PM – Nov 2014 – L2 – Q3 – Divisional Performance Measurement

Compare financial performance of Purity Nigeria Ltd. and Benchmark Co. Ltd using key financial ratios and offer strategic improvement recommendations.

You're reporting an error for "PM – Nov 2014 – L2 – Q3 – Divisional Performance Measurement"

MI – Nov 2015 – L1 – SB – Q4b – Information Systems

Summary: Describes three main methods used to monitor performance in IT-based organizations.

You're reporting an error for "MI – Nov 2015 – L1 – SB – Q4b – Information Systems"

MA – Aug 2022 – L2 – Q1 – Other aspects of performance measurement

This question asks about the Balanced Scorecard concept, its differences from traditional measures, and benchmarking to improve company performance.

You're reporting an error for "MA – Aug 2022 – L2 – Q1 – Other aspects of performance measurement"

MA – May 2020 – L2 – Q2a – Other Aspects of Performance Measurement

Discuss four management concepts that can be used by a management accountant to achieve customer satisfaction.

You're reporting an error for "MA – May 2020 – L2 – Q2a – Other Aspects of Performance Measurement"

MA – April 2022 – L2 – Q1c – Performance analysis

Explain the different types of benchmarking relevant to the CEO of Gyakie Ltd.

You're reporting an error for "MA – April 2022 – L2 – Q1c – Performance analysis"

CSEG – May 2017 – L2 – Q6a – Strategy evaluation and control

Discuss strategic issues for Adama Group and explain how the Balanced Scorecard can be used to monitor performance.

You're reporting an error for "CSEG – May 2017 – L2 – Q6a – Strategy evaluation and control"

CSEG – Nov 2017 – L2 – Q6a – Strategy evaluation and control

Explain the concept of benchmarking and identify the advantages that companies gain from benchmarking.

You're reporting an error for "CSEG – Nov 2017 – L2 – Q6a – Strategy evaluation and control"

PM – Nov 2014 – L2 – Q3 – Divisional Performance Measurement

Compare financial performance of Purity Nigeria Ltd. and Benchmark Co. Ltd using key financial ratios and offer strategic improvement recommendations.

You're reporting an error for "PM – Nov 2014 – L2 – Q3 – Divisional Performance Measurement"

MI – Nov 2015 – L1 – SB – Q4b – Information Systems

Summary: Describes three main methods used to monitor performance in IT-based organizations.

You're reporting an error for "MI – Nov 2015 – L1 – SB – Q4b – Information Systems"

MA – Aug 2022 – L2 – Q1 – Other aspects of performance measurement

This question asks about the Balanced Scorecard concept, its differences from traditional measures, and benchmarking to improve company performance.

You're reporting an error for "MA – Aug 2022 – L2 – Q1 – Other aspects of performance measurement"

MA – May 2020 – L2 – Q2a – Other Aspects of Performance Measurement

Discuss four management concepts that can be used by a management accountant to achieve customer satisfaction.

You're reporting an error for "MA – May 2020 – L2 – Q2a – Other Aspects of Performance Measurement"

MA – April 2022 – L2 – Q1c – Performance analysis

Explain the different types of benchmarking relevant to the CEO of Gyakie Ltd.

You're reporting an error for "MA – April 2022 – L2 – Q1c – Performance analysis"

CSEG – May 2017 – L2 – Q6a – Strategy evaluation and control

Discuss strategic issues for Adama Group and explain how the Balanced Scorecard can be used to monitor performance.

You're reporting an error for "CSEG – May 2017 – L2 – Q6a – Strategy evaluation and control"

CSEG – Nov 2017 – L2 – Q6a – Strategy evaluation and control

Explain the concept of benchmarking and identify the advantages that companies gain from benchmarking.

You're reporting an error for "CSEG – Nov 2017 – L2 – Q6a – Strategy evaluation and control"

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