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A Relatively New Tool That Managerial Accountants Have Developed to Assist

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Essay

A relatively new tool that managerial accountants have developed to assist is the balanced scorecard.

Explain the purpose of the balanced scorecard. List the various perspectives comprising the balanced scorecard, and explain what each perspective measures.


Definitions:

Religion

A set of beliefs concerning the cause, nature, and purpose of the universe, often involving a moral code and worship practices.

Equal Pay Act

A U.S. law that prohibits wage discrimination based on sex by requiring equal pay for equal work performed by employees in the same establishment.

Liquidated Damages

A predetermined amount of money stipulated within a contract that one party will pay to the other in the event of a breach.

EEOC

The Equal Employment Opportunity Commission (EEOC) is a federal agency that administers and enforces civil rights laws against workplace discrimination in the United States.

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