"To Better Align Our Strategic and Operational Goals, We Will

question 75

Multiple Choice

"To better align our strategic and operational goals, we will develop a strategy map," said Romero Ruiz, CEO of International Logistics. "The strategy map will address the four key drivers of our long-term success-that is, our balanced scorecard-and emphasize our employees' roles in these four areas:

• A)customer goals, internal goals, macroenvironment goals, and learning and growth goals."
• B)financial goals, competitor goals, internal goals, and learning and growth goals."
• C)customer goals, competitor goals, internal goals, and learning and growth goals."
• D)financial goals, customer goals, contingency goals, and learning and growth goals."
• E)financial goals, customer goals, internal goals, and learning and growth goals."

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Definitions:

Work In Process

Items or products that are in the production phase but have not yet been completed, often considered a type of inventory on the balance sheet.

Equivalent Units

A concept used in cost accounting to convert partially completed goods into the equivalent number of fully completed units.

Production

The process of creating goods and services.

Accounting Period

A specific time frame for which financial accounting records are kept, closing with a balance sheet.