The Balanced Scorecard Is an Approach to Performance Measurement That

question 71

True/False

The balanced scorecard is an approach to performance measurement that closely links the strategic and financial perspectives of a business.

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Definitions:

Asset Management Ratio

Financial ratios that measure how effectively a company manages its assets to produce sales and maximize profitability.

Leverage Ratio

A financial metric indicating the level of debt relative to equity or assets, used to assess a company's ability to meet financial obligations.

Project Management

The application of processes, methods, skills, knowledge and experience to achieve specific project objectives according to the project acceptance criteria within agreed parameters.

Delegating Budgetary Responsibility

The process of assigning the authority to manage budgets to individuals or teams.