Question 1
Measures that help predict a future result are referred to as
◦ EVA.
◦ lagging indicators.
◦ leading indicators.
◦ earnings per share.
Question 2
Leading indicators provide managers with the information they need to
◦ calculate direct material and direct labor variances.
◦ prepare GAAP-based financial statements.
◦ take timely, corrective action.
◦ All of these answer choices are correct.