An Important Implication of the Balanced Scorecard Approach Is That

question 4

Multiple Choice

An important implication of the balanced scorecard approach is that

• A) managers need to recognize that satisfaction of stockholder demands is their primary job.
• B) the emphasis on customer satisfaction and financial goals are only a means to that end.
• C) managers should not look at their job as primarily balancing stakeholder demands.
• D) gains in financial performance must come at a cost of employee satisfaction.

Identify and correct inaccuracies in inventory valuation.

Assess the effect of costing method, inventory system, and other factors on inventory cost accounting.

Analyze the impact of purchase and sales transactions on inventory and cost of goods sold under different inventory systems.

Understand the lower of cost or market method for inventory valuation.