A ________ Combines Financial Measures of Past Performance with Nonfinancial

question 45

Multiple Choice

A ________ combines financial measures of past performance with nonfinancial measures of the drivers of future performance to provide management with a road map for creating shareholder value.

• A) profit center
• B) balanced scorecard
• C) cost driver
• D) operating budget

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Definitions:

Ownership Utility

The added value or satisfaction a consumer obtains from owning a product and being able to use it as desired.

Form Utility

The value added to products through the process of transformation, creating a more desirable product for consumers.

Place Utility

The value added to products by having them available at a location where they are needed or wanted.

Exchange

A platform or process where goods, services, or securities are traded between two parties.