In General, a Balanced Scorecard Is Used to Evaluate an Organization's

question 138

Multiple Choice

In general, a balanced scorecard is used to evaluate an organization's performance using:

• A) standard costs and variance analysis.
• B) multiple financial and nonfinancial measures.
• C) financial statements and ratio analysis.
• D) the Board of Directors' audit committee.

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Definitions:

Activity Rates

The costs or rates associated with specific activities used in activity-based costing to allocate expenses to products or services.

Activity Cost Pool

A way to aggregate all indirect costs associated with a particular activity, aiding in more accurate cost allocation.

Direct Labor-Hours

The total hours worked by employees who are directly involved in the manufacturing process or providing service to customers.

Unit Product Costs

The total cost (both variable and fixed) associated with producing a unit of product.