Robert Kaplan and David Norton Created the _________,A Management Control

question 6

Multiple Choice

Robert Kaplan and David Norton created the _________,a management control system that enables companies to clarify their strategies,translate them into action and provide quantitative feedback as to whether the strategy is creating value,leveraging core competencies,satisfying the company's customers and generating a financial reward to its shareholders.

• A) Balance-matrix
• B) Shareholder methodology
• C) Balanced scorecard
• D) Strategic approach

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Definitions:

Consolidated Financial Statements

Financial statements that provide a comprehensive overview of a company's financial position by combining the accounts of the parent company with those of its subsidiaries.

Regulatory Organization

An entity established by a government to regulate specific activities, industries, or professions.

Public Market

A transparent and regulated marketplace where securities, commodities, and other financial instruments are traded.

Journal Entry

A record in accounting that represents a transaction where debit and credit balance totals are equal.