List the Four Perspectives of Kaplan and Nortan's Balanced Scorecard

question 69

Essay

List the four perspectives of Kaplan and Nortan's balanced scorecard.

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Definitions:

Break-Even Point

The point at which total costs and total revenue are equal, meaning no net loss or gain, and the business is breaking even.

Contribution Margin

The contribution margin represents the portion of sales revenue that is not consumed by variable costs and can contribute to covering fixed costs and generating profit.

Variable Cost

Costs that change in proportion to the level of production or sales activity.

Units

Basic measures or quantities of product or service in business operations, often used in contexts such as inventory, production, and sales.