An airline company has operated passenger flights with low ticket prices to various airports from a busy airport for several years. It now faces increased competition on a number of its routes and has decided to use the balanced scorecard to monitor its performance.
Which of the following statements are correct?
Select ALL that apply.

• A.The number of new flights to different destinations could be a suitable measure for the learning and growth perspective.
• B.The number of on time take-offs could be a suitable measure for the internal business process perspective.
• C.The proportion of seats that are occupied on flights could be a suitable measure for the internal business process perspective.
• D.A survey of passengers could be a suitable measure for the customer perspective.
• E.Customer satisfaction measures will not be needed because the company pursues a low price strategy for competitive advantage.
• F.Non-financial objectives will be met as a result of financial objectives being achieved.

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Which TWO of the following are examples of management information made possible by the availability of big data?

• A.Production cycle time analysis to improve production efficiency
• B.A five year history of a company's aged debtor list to assess the long-run effectiveness of credit control
• C.Customer information harvested from social media to target products
• D.Real-time inventory management information shared with producers to influence their production plans
• E.Customer profitability analysis to identify key strategic customers

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An airline prides itself on using highly reliable aircraft that are maintained to the highest possible standard and that its flight crews are arguably the best in the industry. Despite that, the directors accept that there remains a slight possibility that there will be a fatal accident.
Which THREE of the following statements are correct?

• A.It is unlikely that any airline could totally eliminate all possibility of a fatal accident.
• B.The airline's directors can justify their behavior on the basis that they insist on exceeding all relevant statutory and industry safety standards.
• C.The airline should cease operations in order to eliminate the risk of a fatal accident.
• D.Fatal air accidents can be justified on the basis that some risk is inevitable.
• E.The airline appears to be behaving responsibly.

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During a Board meeting at a manufacturing company, concerns regarding the analysing of the current inventory management systems and processes are brought up.
Attendees of the meeting have made several claims and suggestions but the managing director admits that he does not know who to believe and so has asked you to let him know which statements of the following statements are TRUE?
Select ALL that apply.

• A.Standard Costing is ideal for organisations running a JIT inventory system
• B.ABC is ideal for organisations running a JIT inventory system
• C.Standard costing is ideal for organisations in a TQM environment
• D.A JIT inventory system reduces inventory costs
• E.A JIT system is likely to result in economies of scale

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A company has invested $500,000 in developing a new product and requires a return of 12% on this investment.
The company has researched the market and has set the selling price for the new product at $300 per unit. At this price, sales volume for next year is forecast to be 500 units. The forecast unit cost is $210.
What is the target cost gap per unit for the coming year?
Give your answer to the nearest whole $.

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