Which of the Following Best Describes How Using Structured Strategic

question 37

Multiple Choice

Which of the following best describes how using structured strategic management processes such as the Balanced Scorecard can have an impact on companies?

• A)Allows firms to more accurately estimate the cost of implementing new technologies.
• B)Enhances the efficiency and speed of supply chain transactions.
• C)Helps tie the use of supporting technologies to successful performance.
• D)Allows executives to have a dashboard view of key performance metrics.

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Definitions:

End-of-Period Spreadsheet

A tool, typically in spreadsheet format, used at the end of an accounting period to compile adjustments and prepare financial statements.

Adjusted Trial Balance

A list of all the accounts and their balances after adjusting entries have been made, used to prepare financial statements.

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent ones, thereby preparing the temporary accounts for the next accounting period.

Journalize

The act of recording transactions in a company's journal, which is the first step in the accounting cycle.