Performance Measures, Which Include Cost, Product Quality and Manufacture Cycle

question 63

Multiple Choice

Performance measures, which include cost, product quality and manufacture cycle time, are related to:

• A) financial perspective.
• B) customer perspective.
• C) internal business processes.
• D) learning and growth.

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Definitions:

Favorable Trend

A pattern or movement in financial metrics indicating positive progress or improvement.

Unfavorable Trend

A pattern or movement in financial or operational data that suggests a negative direction, potentially indicating problems.

Trade-In Allowance

The amount a seller provides to a buyer towards the purchase of a new item by trading in an older model.

Commercial Substance

A concept in accounting indicating that a transaction significantly changes the economic situation of a business, justifying a change in the financial statements.