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Four perspectives are integrated to form the balanced scorecard framework.The financial perspective focuses on the view of the firm by the:
Cost Estimation
The process of forecasting the likely costs of a project or production, based on various factors and historical data.
Data Collection
The process of gathering and measuring information on variables of interest, in an established systematic fashion that enables one to answer stated research questions, test hypotheses, and evaluate outcomes.
Activity Based Costing
A costing method that assigns costs to products or services based on the resources they consume and the activities they require.
Cost Behaviour
The way in which a cost changes in relation to changes in business activity levels.
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