IG010 Project Performance Measurement Short Answer Submission Form Your Name: First and last Your E-Mail Address: Your email here Instructions This Competency includes a Short-Answer Response Assessment. Write your response to each prompt below in the space provided. The Rubric, which will be used by the Competency Assessor to evaluate your responses, is beneath the prompts. Carefully review the Rubric rows associated with each prompt to provide a complete response. When writing your response, begin typing where it reads “Enter Your Response Here.” Write as much as needed to satisfy the requirements of the prompt (as defined in the Rubric). Be sure to support your responses with connections to professional sources. Your Assessment responses require references (in APA style) to support your thinking. You will list your references at the end of this template where “References” are noted. If you need additional information regarding how to correctly cite, and/or reference sources, please visit the Walden Writing Center at http://academicguides.waldenu.edu/writingcenter/apa/citations To learn more about effective paraphrasing strategies, visit the Walden Writing Center at http://academicguides.waldenu.edu/writingcenter/evidence/paraphrase/effective ©2015 Walden University 1 Review the following example item and response for a sample that meets expectations. Sample Prompt: Choose a definition of organizational culture, and explain whether you agree or disagree with the definition. Use examples from your own professional experience to support your response. Response: Whitehurst (2016) explained “organizational culture is defined by how people in an organization interact with each other” (para. 2). While I agree that this is one aspect of organizational culture, the definition does not capture the complex factors that contribute to organizational culture. When I started my first job after finishing my undergraduate degree in business, I worked for an organization whose main headquarters were in Dubai. When I traveled to Dubai for the first time, I realized that the culture of the Dubai office was largely influenced by the society’s culture in Dubai. I found that the organization lacked one cohesive culture and that, depending on regional locations, each office had its own culture. International organizations often face many challenges in maintaining a cohesive organizational culture (Watkins, 2013). I found this observation to be true in my experience. For example, the Dubai office seemed to endow their employees with more allowance for self-direction when compared with our domestic offices. Although people’s interactions with one another contributed to the organization’s culture, there were other factors like location, management style, and societal norms that impacted a business culture as well. References Watkins, M. D. (2013, May 15). What is organizational culture? And why should we care. Harvard Business Review. Retrieved from https://hbr.org/2013/05/what-is-organizational-culture Whitehurst, J. (2016, October 13). Leaders can shape company culture through their behaviors. Harvard Business Review. Retrieved from https://hbr.org/2016/10/leaders-can-shape-company-culture-through-their-behaviors Note: References are included at the end of a Short-Answer Assessment but are included here as an example of an accurate APA reference list. ©2015 Walden University 2 Prompt 1 Sunk Cost, Opportunity Cost, and Accounting Cost Describe sunk cost, opportunity cost, and accounting cost, and give examples of each. What role does each play in decision-making? (3–4 paragraphs) Your Response Enter your response here. Rubric 0 Not Present 1 Needs Improvement 2 Meets Expectations 3 Exceeds Expectations Response demonstrates the same level of achievement as “2,” plus the following: Examples of sunk costs are included. Response demonstrates the same level of achievement as “2,” plus the following: Examples of opportunity costs are included. Response demonstrates Sub-Competency 1: Describe sunk cost, opportunity cost, and accounting cost. Learning Objective 1.1: Describe sunk cost. Description of sunk cost is missing. Description of sunk cost is inaccurate or incomplete. Description of sunk cost is accurate. Learning Objective 1.2: Describe opportunity cost. Description of opportunity cost is missing. Description of opportunity cost is inaccurate or incomplete. Description of opportunity cost is accurate. Learning Objective 1.3: Description of accounting Description of accounting Description of accounting ©2015 Walden University 3 Describe accounting cost. Learning Objective 1.4: Explain the role that sunk cost, opportunity cost, and accounting cost play in decision making. 0 Not Present cost is missing. 1 Needs Improvement cost is inaccurate or incomplete. 2 Meets Expectations cost is accurate. Explanation for the role that sunk cost, opportunity cost, and accounting cost play in decision making is missing. Explanation does not accurately show how sunk cost, opportunity cost, and/or accounting cost factor into decision making. Explanation accurately shows how sunk cost, opportunity cost, and accounting cost factor into decision making. 3 Exceeds Expectations the same level of achievement as “2,” plus the following: Examples of accounting costs are included. Response demonstrates the same level of achievement as “2,” plus the following: Response includes examples of how each cost is used to make decisions in actual companies. Prompt 2 The Impact of the Balanced Scorecard on Financial Performance The balanced scorecard is a strategic-based performance management system. How does the balanced scorecard communicate strategy to an organization? Identify and describe the four quadrants on the balanced scorecard. How are the four quadrants related? What is their impact on financial performance? (2–3 paragraphs) Your Response Enter your response here. Rubric 0 Not Present 1 Needs Improvement 2 Meets Expectations 3 Exceeds Expectations Sub-Competency 2: Recognize the impact of the balanced scorecard (four quadrants) on financial performance. Learning Objective 2.1: ©2015 Walden University Explanation of how the Explanation of how the Explanation of how the Response demonstrates 4 Explain how the balanced scorecard communicates strategy to an organization. Learning Objective 2.2: Identify and describe the four quadrants on the balanced scorecard and how the four quadrants related. ©2015 Walden University 0 Not Present balanced scorecard communicates strategy to an organization is missing. 1 Needs Improvement balanced scorecard communicates strategy to an organization is inaccurate. 2 Meets Expectations balanced scorecard communicates strategy to an organization is accurate. Description of the four quadrants on the balanced scorecard and how the four quadrants related are missing. Description of the four quadrants of the balanced scorecard and how they are related is inaccurate. Description of the four quadrants of the balanced scorecard and how they are related is accurate. 3 Exceeds Expectations the same level of achievement as “2,” plus the following: One or more examples are given of how the balanced scorecard has been implemented. Response demonstrates the same level of achievement as “2,” plus the following: Examples of each quadrant are included. 5 Prompt 3 Forecasting, Strategic Planning, and Budgeting Explain the concepts of forecasting, strategic planning, and budgeting. Indicate how they are related and the key differences, if any, between them. (3–4 paragraphs) Your Response Enter your response here. Rubric 0 Not Present 1 Needs Improvement 2 Meets Expectations 3 Exceeds Expectations Sub-Competency 3: Explain the difference between forecasting, strategic planning, and budgeting. Learning Objective 3.1: Explain the difference between forecasting, strategic planning, and budgeting. ©2015 Walden University Explanation of the difference between forecasting, strategic planning, and budgeting is missing. Explanation of the difference between forecasting, strategic planning, and budgeting is inaccurate. Explanation of the difference between forecasting, strategic planning, and budgeting is accurate. Response demonstrates the same level of achievement as “2,” plus the following: Examples of forecasting, strategic planning, and budgeting are given. 6 Prompt 4 The Triple Bottom Line Define the triple bottom line and give examples of each of the “three Ps.” (2–3 paragraphs) Your Response Enter your response here. Rubric 0 Not Present 1 Needs Improvement 2 Meets Expectations 3 Exceeds Expectations Definition of the triple bottom line is accurate. Response demonstrates the same level of achievement as “2,” plus the following: Sub-Competency 4: Define the triple bottom line. Learning Objective 4.1: Define the triple bottom line. Description of the triple bottom line is missing. Definition of The triple bottom line is inaccurate. Examples of each of the bottom lines are given. ©2015 Walden University 7 Prompt 5 Unethical Accounting Practices and Their Impact Read the following articles: • • The Anatomy of Corporate Fraud: A Comparative Analysis of High Profile American and European Corporate Scandals (Soltani) Managerial Fraud and Corporate Governance in American Corporations (Mukweyi) Respond to the following questions (1 paragraph per question): o What is fraud and why do employees commit fraud? o What are the causes of corporate financial scandals? o What is corporate governance? o What is managerial or executive fraud and why do executives commit fraud? o What kinds of things should owners and directors do to protect all stakeholders? Your Response Enter your response here. Rubric 0 Not Present 1 Needs Improvement 2 Meets Expectations 3 Exceeds Expectations Sub-Competency 5: Identify unethical accounting practices and their impact on stakeholders and organizations. Learning Objective 5.1: Identify unethical accounting practices. Identification of unethical accounting practices is missing. Identification of the unethical accounting practices is inaccurate or incomplete. Identification accurately lists unethical accounting practices. Learning Objective 5.2: Causes of corporate The causes of corporate The causes of corporate ©2015 Walden University Response demonstrates the same level of achievement as “2,” plus the following: Examples are given involving high-profile cases. Response demonstrates 8 0 Not Present financial scandals are missing. 1 Needs Improvement financial scandals are inaccurate or incomplete. 2 Meets Expectations financial scandals are accurately given. Learning Objective 5.3: Explain corporate governance. Explanation of corporate governance is missing. Explanation inaccurately defines corporate governance. Explanation accurately defines corporate governance. Learning Objective 5.4: Explain managerial or executive fraud and the reasons why executives commit fraud. Explanation of managerial or executive fraud and the reasons why executives commit fraud is missing. Explanation inaccurately defines managerial or executive fraud and/or gives inaccurate reasons why executives commit fraud. Explanation accurately defines managerial or executive fraud and gives reasons why executives commit fraud. Learning Objective 5.5: Describe the impact on stakeholders and organizations of unethical accounting practices. Description of the impact on stakeholders and organizations from unethical accounting practices is missing. Description does not accurately list the impacts on stakeholders and organizations from unethical accounting practices. Description accurately lists the impacts on stakeholders and organizations from unethical accounting practices. Identify the causes of corporate financial scandals. ©2015 Walden University 3 Exceeds Expectations the same level of achievement as “2,” plus the following: Response refers to specific instances mentioned in the article to support assertions. Response demonstrates the same level of achievement as “2,” plus the following: Response includes examples of a company’s corporate governance policies. Response demonstrates the same level of achievement as “2,” plus the following: Response includes examples of high-profile cases of managerial or executive fraud. Response demonstrates the same level of achievement as “2,” plus the following: Response includes examples of unethical accounting practices from high-profile cases and the impacts these practices 9 0 Not Present ©2015 Walden University 1 Needs Improvement 2 Meets Expectations 3 Exceeds Expectations have had on the stakeholders and the organization. 10 References ©2015 Walden University 11 Overview For this Short-Answer Assessment you will answer a series of short answer items to demonstrate your ability to explain accounting concepts and practices and their effects on various stakeholders. Instructions Before submitting your Assessment, carefully review the rubric. This is the same rubric the assessor will use to evaluate your submission and it provides detailed criteria describing how to achieve or master the Competency. Many students find that understanding the requirements of the Assessment and the rubric criteria help them direct their focus and use their time most productively. To complete this Assessment: • • • • Download the IG010 Short Answer Submission Form, which includes the Rubric for this Assessment. Complete the form adhering to the criteria presented in the Rubric. Download the Academic Writing Checklist to use as a guide when completing your Assessment. Responses that do not meet the expectations of scholarly writing will be returned without scoring. Properly formatted APA citations and references must be provided where appropriate. Access The Anatomy of Corporate Fraud Access Managerial Fraud This Assessment requires submission of one (1) document, a completed Short Answer Submission Form. Save this file as IG010 _firstinitial_lastname (for example, IG010 _J_Smith). When you are ready to upload your completed Assessment, use the Assessment tab on the top navigation menu.
Purchase answer to see full attachment