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How do closing entries for a merchandising company that uses the perpetual inventory system differ from the closing entries for a service company?
Balanced Scorecard
A strategy performance management tool that tracks financial and non-financial measures to give a balanced view of organizational performance.
Strategic Performance Measurement System
A framework that companies use to monitor and manage their strategies by measuring performance using financial and non-financial metrics.
Balanced Scorecard
A strategic planning and management system used to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor performance against strategic goals.
Lean Management System
A systematic approach for eliminating waste within a manufacturing system without sacrificing productivity.
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