The Phase of Decision Making That Involves Finding a Way

question 6

Multiple Choice

The phase of decision making that involves finding a way to organize information is called ______.

• A)goal setting
• B)planning
• C)structuring the decision
• D)evaluating

Apply financial information to evaluate the financial strength and operational efficiency of a company.

Understand the concept and objectives of the balanced scorecard system.

Identify the benefits of implementing a balanced scorecard in an organization.

Differentiate between traditional performance measurement systems and the balanced scorecard.

---

Definitions:

Net Income

The total earnings of a company after subtracting all expenses, including taxes, from its total revenues.

Cash Flow

The total amount of money being transferred into and out of a business, especially concerning liquidity.

Current Assets

Resources anticipated to be turned into cash, sold, or used up within a year or throughout the typical operating cycle of the company.

Net Sales

Total sales revenue minus returns, allowances, and discounts.