Which of the Following Is Not a Correct Statement Relating

question 89

Multiple Choice

Which of the following is not a correct statement relating to the balanced scorecard?

• A)It was developed in the early 1990s by David Norton and Robert Kaplan.
• B)It is a collection of performance measures that track an organization's progress toward achieving its goals.
• C)The selection of performance measures used is driven by the organization's network of facilities used to produce and deliver its product.
• D)It uses both financial and non-financial performance measures.

Understand the significance and structure of delivering bad-news messages in a business environment.

Identify appropriate tone and buffer strategies for bad-news communications.

Recognize unethical behaviors in business communication.

Comprehend the importance of preparing and structuring information before delivering bad news in person.

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Definitions:

Balance Sheet

An overview document that itemizes a business’s resources, debts, and owner’s equity at a particular date, giving a concise view of its fiscal status.

Trade Credit Discounts

Reductions in the price of goods or services offered to buyers as an incentive to pay earlier than the payment terms require.

Costly Trade Credit

Describes the high costs associated with taking advantage of credit offered by suppliers or creditors, particularly when payment terms are not met, resulting in high interest rates or financial penalties.

Accounts Payable

Liabilities or money owed by a company to its creditors for goods and services that have been delivered or used, but not yet paid for.