Which of the Following Firms Are More Likely to Use

question 6

Multiple Choice

Which of the following firms are more likely to use operational costing techniques?
i. Oil refineries
ii. Food processors
iii. Large scale clothing manufacturers
iv. Tourist operators

• A) i and ii
• B) ii and iii
• C) i and iii
• D) ii and iv

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Definitions:

BSC Performance Perspectives

Four dimensions used in the Balanced Scorecard framework for strategic management, including financial, customer, internal processes, and learning and growth perspectives.

Leading Indicator

An economic factor that changes before the economy begins to follow a particular pattern or trend.

Lagging Indicator

Metrics that reflect the outcomes of economic, financial, or business activities after they have occurred, often used to assess performance.

Strategic Learning

A process of creating, acquiring, and transferring knowledge to adapt and evolve a business strategy.