The Methodology That Uses Custom Key Measures Linked to a Company's

question 42

Multiple Choice

The methodology that uses custom key measures linked to a company's overall vision statement to measure the value of IT is called:

• A) the balanced scorecard approach.
• B) the modified scorecard approach.
• C) the strategic imperative approach.
• D) None of the above.

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Definitions:

Product

Anything that can be offered to a market that might satisfy a want or need, including physical goods, services, and experiences.

Period

A length of time during which a series of events or an action takes place or is completed.

Absorption Costing

A cost calculation method within accounting that assimilates all expenses incurred during manufacturing, covering direct materials, direct labor costs, and all overheads, whether fixed or variable, into the product’s price.

Income Statement

A financial statement that shows a company's revenue and expenses over a specific period, detailing net profit or loss.