The Balanced Scorecard Was Developed by

question 60

Multiple Choice

The balanced scorecard was developed by

• A) Robert S. Kaplan.
• B) David R. Norton.
• C) David R. Norton and Robert S. Princeton.
• D) Robert S. Kaplan and David R. Norton.

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Definitions:

Absorption Costing

A costing method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.

Production Costs

Expenses directly associated with the manufacturing of goods, including materials, labor, and overhead.

Variable Costing

A cost accounting method that includes only variable production costs in unit product costs, and treats fixed costs as period expenses that are charged against revenue in the period they are incurred.

Variable Costs

Costs that change in proportion to the level of goods or services a business produces.