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.

---

Definitions:

Net Sales

The amount of revenue from sales transactions minus returns, allowances for damaged or missing goods, and discounts.

Total Assets

The sum of all assets owned by a company, including both current and non-current assets, representing the resources owned by a company to produce value.

Inventory Turnover

A measure of how many times a company's inventory is sold and replaced over a period.

Beginning Inventory

Beginning inventory refers to the value of a company's inventory at the start of an accounting period, which includes raw materials, work-in-progress, and finished goods.