The Value-Based Management (VBM) Technique Was Proposed by Kaplan and Norton

question 10

True/False

The value-based management (VBM) technique was proposed by Kaplan and Norton.

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Definitions:

IFRS Financial Statements

Financial statements prepared in accordance with International Financial Reporting Standards, which provide a global framework for how public companies prepare and disclose their financial statements.

First Time

Refers to an event or measurement taken for the first time, often signifying a new milestone or initial occurrence within a specific context.

Preparing

The act of making something ready for use or consideration, often in the context of assembling financial statements or reports.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that aims to make international financial reporting more uniform.