The Approach Which Uses an Organization's Key Metrics and Relates

question 12

Multiple Choice

The approach which uses an organization's key metrics and relates them to the organization's strategic goals on a "dashboard" is called:

• A) Performance management plan
• B) Operational plan
• C) Strategic plan
• D) Balanced scorecard

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Definitions:

Collection Time

The average period it takes for a business to receive payments owed by its customers after a sale has been made, often measured in days.

Mailing Days

The days that are considered when calculating the time it will take for mail and packages to be delivered.

Bank Deposit

Money placed into a banking institution for safekeeping, which can earn interest depending on the type of account.

Weighted Average Float

Weighted average float refers to the average time between when a check is deposited in a bank and when the funds are made available, weighted by the value of each check.