Match the Following Descriptions of Their Use by Management with the Appropriate

question 64

Short Answer

Match the following descriptions of their use by management with the appropriate term (a or b).
-Used by management to define and link strategic objectives to the performance metrics of a company
A)Performance measurement system
B)Strategic performance measurement system

• A)Performance measurement system
• B)Strategic performance measurement system

---

Definitions:

Proprietorships

Types of business organizations owned by a single person, where the owner is personally responsible for the business debts and obligations.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, typically including an income statement, balance sheet, and statement of cash flows.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations, calculated as current assets divided by current liabilities.

Liquidity

The ease with which an asset can be converted into cash without affecting its market price.