Which of the Following Statements Is False

question 59

Multiple Choice

Which of the following statements is false?

• A) Strategic cost management focuses on reducing costs as well as strengthening an organization's strategic position
• B) The balanced scorecard is a formalized approach to strategic cost management
• C) The balanced scorecard may include both financial and nonfinancial measures
• D) Cost accounting information used for strategic cost management includes only measures of costs

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Definitions:

Limited Liability Company

A business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Intellectual Property

A category of property that includes intangible creations of the human intellect, such as inventions, literary and artistic works, designs, and symbols, names and images used in commerce.

Parent Entity

A company that owns more than half of another company, making the latter a subsidiary.

Debt Financing

The raising of funds through borrowing, typically by issuing bonds or taking out loans, to finance an organization's operations or projects.