A Balanced Scorecard Relies on Which of the Following Processes

question 32

Multiple Choice

A Balanced Scorecard relies on which of the following processes to bind short-term activities to long-term activities?

• A) Communicating the vision
• B) Performance metrics
• C) Communicating and linking
• D) Succession planning

---

Definitions:

Ending Inventory

The total value of goods available for sale at the end of an accounting period, calculated for financial reporting and tax purposes.

Cost of Goods Sold

Cost of goods sold (COGS) is the direct cost attributed to the production of the goods sold by a company, including the material and labor expenses.

Gross Profit

The distinction between sales income and the expense of goods sold prior to subtracting overhead costs, wages, taxes, and interest charges.

Periodic

Relating to or occurring at regular intervals; in accounting, it may refer to methods or adjustments made at regular intervals, such as the Periodic Inventory Method.