Which of the following is the best description of the Link to Operations step in the balanced scorecard management process?

A. The company prepares operating budgets and prioritizes business process improvements.
B. The company evaluates the effectiveness of its strategy.
C. The company examines the competitive environment.
D. The company establishes objectives, measures, targets, and initiatives.


Answer: A

Business

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a. use a hyphen b. avoid using hyphens c. consult a current dictionary d. ask someone else

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If an auditor makes a disclaimer of opinion, this means that the auditor is ________

A) favorable to the company's financial statement matching its performance but notes a few departures from Generally Accepted Accounting Principles (GAAPs) B) unfavorable about the financial statement representing the company's position C) unable to draw a conclusion about the accuracy of the company's financial records owing to lack of information D) favorable of the company's financial statements representing its performance

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A satellite is a space station that orbits the earth, receiving and transmitting signals from earth-based stations over a wide area.

Answer the following statement true (T) or false (F)

Business

The Work in Process Inventory account of a manufacturing company has a $3500 debit balance. The company applies overhead using direct labor cost. The cost sheet of the only job still in process shows direct material cost of $1580 and direct labor cost of $860. Therefore, the amount of applied overhead is:

A. $1060. B. $2440. C. $1920. D. $2640. E. $860.

Business