From the List Below,the Best Financial Performance Measure for a Profit

question 17

Multiple Choice

From the list below,the best financial performance measure for a profit centre would be:

• A) cash inflows less cash outflows.
• B) budgeted income less actual income.
• C) budgeted costs less actual costs.
• D) economic value added.

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Definitions:

Knowledge Application

The use of accumulated information and skills in practical situations to solve problems or achieve goals.

Strategically Minded

Having or showing the ability to develop and implement plans that ensure success or advantage, especially by long-term planning.

Corporate Strategy

The overarching strategy of an organization, defining its overall purpose, scope, and direction, and how it intends to create and capture value across different businesses and functions.

Implementing Strategy

The process of executing plans and actions to achieve strategic goals and objectives.