Balanced Scorecard (BSC)uses Various Metrics to Measure Performance,which Consist of _______

question 59

Multiple Choice

Balanced Scorecard (BSC) uses various metrics to measure performance,which consist of _______ financial metric(s) and ________ nonfinancial metric(s) .

• A)3;1
• B)2;2
• C)1;3
• D)2;3

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Definitions:

Revenue Recognition Principle

An accounting principle that determines the specific conditions under which revenue is recognized or accounted for.

Products Manufactured

Refers to the finished goods produced by a company during a specific period, ready for sale or distribution.

Service Revenue

Income earned from the provision of services as opposed to the sale of physical goods.

Cash Received

Money that has been transferred into a company or individual's possession as payment for goods or services.