Voltage Electrical,which Installs Sophisticated Electronic-Control Systems in New Homes,prices Jobs

question 63

Essay

Voltage Electrical,which installs sophisticated electronic-control systems in new homes,prices jobs by using the time-and-materials method.The following data apply to a job for LMB Builders:
Labor hours: 180
Materials cost: $48,000
The following predictions,based on 30,000 direct labor hours,pertain to the company's operations for the year:

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Definitions:

Financial Perspective

An angle of strategic management that focuses on how well an organization is performing financially.

Balanced Scorecard

A system for strategic planning and management that aligns organizational activities with its vision and strategy by tracking performance in relation to strategic objectives.

Strategy Map

A visual tool that illustrates how an organization plans to achieve its strategic objectives through a cause-and-effect relationship among various components.

Strategic Initiative

A planned effort undertaken by an organization to achieve a major goal or objective, often involving significant resources and change.