Match the Following Descriptions and Examples with the Four Performance

question 6

Short Answer

Match the following descriptions and examples with the four performance perspectives in the balanced scorecard (a-d).
-Focuses on obtaining and retaining customers and customer base
A)Financial
B)Internal processes
C)Learning and growth
D)Customer

• A)Financial
• B)Internal processes
• C)Learning and growth
• D)Customer

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Definitions:

Prepaid Expense

Payments made in advance for goods or services, recognized as assets on the balance sheet until they are consumed or expensed.

Statement of Operations

A financial report that summarizes the revenue, expenses, and profits or losses of an organization over a specific period, typically a fiscal quarter or year.

Disbursement Basis

An accounting method where expenses are recorded when cash is paid out rather than when the expense is incurred.

Consolidation

The merging of assets, liabilities, and other financial items of two or more entities to form a single, combined financial statement.