When Using the Balanced Scorecard to Monitor Performance,the Financial Perspective

question 96

Multiple Choice

When using the balanced scorecard to monitor performance,the financial perspective Answers which of the following questions?

• A)Are we developing employees and providing technologies that facilitate change and improvement?
• B)Are we creating products and hiring employees with skills to create product and deliver them in a timely manner?
• C)How do investors see us?
• D)Are we growing in a manner to be competitive in the industry?

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Definitions:

Raw Materials

The basic substances or components that are processed or combined to manufacture finished goods.

Journalize

The process of recording financial transactions in a company’s accounting records, or journal, in chronological order.

Units

A measurement of quantity, such as items, hours, or other measures, used in the organization or operation of businesses.

Direct Labor

The wages and benefits paid to employees who are directly involved in the production process of a company's products or services.