Describe Business Dashboards

question 16

Essay

Describe business dashboards.Explain how business or executive dashboards are superior to traditional business reports in terms of keeping managers informed.

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Definitions:

Job-Order Costing

An accounting system that tracks costs individually for each job, suitable for custom or unique product manufacturing.

Manufacturing Overhead

All indirect costs associated with the production process, including utilities, rent for manufacturing facilities, and salaries of indirect labor.

Cost of Goods Sold

The direct costs attributable to the production of goods sold in a company, including material and labor costs.

Balance Sheet

A report detailing a company's assets, liabilities, and equity held by shareholders at a certain moment.