Which Statement Concerning the Balanced Scorecard Is Not True

question 58

Multiple Choice

Which statement concerning the balanced scorecard is not true?

• A)The Global Reporting Initiative and the balanced scorecard have much in common.
• B)The GRI approach is likely to shrink the role of the management accountant and expand the role of the financial accountant.
• C)It tends to change the emphasis from production to customers.
• D)None of the above, i.e., all are true statements.

Recognize the impact of age, habits, motivation, and gender on behavior.

Describe the terms and concepts related to behavior modification (including self-efficacy, enabling factors, and motivation).

Analyze the role of predisposing, enabling, and reinforcing factors in behavior change.

Apply the SMART criteria for setting realistic goals in behavior modification.

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Definitions:

Contribution Margin

The difference between sales revenue and variable costs, used to cover fixed costs and to generate profit.

Contribution Margin

The selling price per unit, minus the variable cost per unit, indicating how much each unit contributes to covering fixed costs and generating profit.

Break-even Point

A stage where total sales or production volume exactly matches the overall expenses, consequently yielding no financial gain or deficit.

Break-even Point

The financial stage where total costs equal total revenue, meaning the business is neither making a profit nor a loss.