A Comprehensive Management Control System That Balances Traditional Financial Measures

question 59

Multiple Choice

A comprehensive management control system that balances traditional financial measures with operational measures relating to a company's critical success factors is called a(n)

• A) economic value-added system.
• B) activity-based costing system.
• C) market value-added system.
• D) balanced scorecard.
• E) open-book management system.

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Definitions:

Licensing Agreement

A legally binding contract in which a property owner permits another party to use the property under specified conditions, often for intellectual property.

Financial Loss

The loss of money or decrease in financial value in an investment, transaction, or business operation.

Microchips

Small electronic components consisting of integrated circuits used in various devices for processing, storage, and control purposes.

Export and Import Permits Act

Legislation that controls the export and import of specific goods and technologies to and from a country, requiring permits for certain items to ensure national security and compliance with international agreements.