The Balanced Scorecard Can Be Used to Translate Strategic Plans

question 43

Multiple Choice

The Balanced Scorecard can be used to translate strategic plans and mission statements into a set of objectives and performance metrics that ____________.

• A)Are subjective and objective
• B)Can be quantified and measured.
• C)Are financial and reported to the SEc.
• D)Focus on cash flows and market share.

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Definitions:

Direct Materials

Raw materials that are directly traceable to the manufacturing process of a specific product and integral to its production.

Finished Goods

Products that have completed the manufacturing process and are ready to be sold to consumers.

Work in Process Inventory

Goods that are in the process of being manufactured but are not yet completed.

Direct Materials

Raw materials that are directly traceable and attributable to the manufacturing process of a product.