What Is the Balanced Scorecard

question 69

Multiple Choice

What is the balanced scorecard?

• A)an activity-based responsibility accounting model that measures operating activities
• B)a financial-based responsibility accounting model that focuses on the financial performance of units,rewarding performance with static financial-oriented standards
• C)a strategic-based financial reporting system that balances assets with liabilities and owner's equity
• D)a strategic-based performance management system that identifies objectives and measures from a financial perspective,customer perspective,process perspective,and learning and growth perspective

Evaluate the fairness and effectiveness of the current tax system and proposed changes.

Identify the major categories of government expenditure and sources of government revenue.

Understand the dynamics and satisfaction levels in abusive relationships.

Recognize the existence and implications of sexual double standards between genders.

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Definitions:

Marginal Costs

The price of generating one more unit of a product or service.

Marginal Productivity

The additional output generated by employing one more unit of a particular resource, while holding other inputs constant.

Returns to Scale

The rate at which production output increases in response to proportional increases in all inputs.

Average Cost

The average cost is the total cost of production divided by the number of units produced, reflecting the cost per unit of output.