What Is the Term for the Strategic Management System That

question 109

Multiple Choice

What is the term for the strategic management system that translates an organization's mission and strategy into operational objectives and performance measures?

• A)activity-based management
• B)responsibility accounting
• C)strategic accounting
• D)Balanced Scorecard

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Definitions:

Adjusting Entries

Journal entries made at the end of an accounting period to update account balances before the preparation of financial statements.

Unbilled Consulting Revenue

Unbilled consulting revenue refers to earnings from consulting services that have been delivered but not yet invoiced to the client.

Depreciation

The process of methodically dividing the expense of a physical asset over its estimated useful life.

Prepaid Services

Expenses paid in advance for services which will be received in the future.