While Traditional Balanced Scorecards Looked at Four Key Areas, Current

question 80

Multiple Choice

While traditional balanced scorecards looked at four key areas, current balanced scorecards have added criteria related to _________.

• A)growth assets
• B)the customers
• C)internal processes
• D)the environment

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Definitions:

Schedule of Cost

A detailed statement outlining the various components of total cost, including direct and indirect costs, used for analysis, planning, and control.

Goods Manufactured

The complete units of product that have been produced within a certain period of time.

Overapplied Overhead

A condition in which the overhead costs assigned to manufacturing exceed the real overhead costs that were incurred.

Work in Process

Inventory that includes raw materials that have been partially worked on but are not yet completed goods in the manufacturing process.