The Balanced Scorecard's Perspectives

question 14

Multiple Choice

The balanced scorecard's perspectives:

• A) Are not linked in any meaningful way
• B) Are a relatively unimportant part of the scorecard
• C) Are linked through careful managerial analysis
• D) Are exclusively focused on internal measures in not-for-profit organisations

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Definitions:

Revenue Recognition

The accounting principle that income should be reported in the accounting period when it is earned, regardless of when the cash is received.

Percentage of Completion

An accounting method used to recognize revenues and expenses of long-term contracts as a percentage of work completed during the period.

Revenue Recognition

Accounting principle determining the specific conditions under which revenue is recognized or recorded.