The ________ scorecard approach is based on an integration of strategic planning with a company's budgeting processes, and short-term results from the scorecard can serve as a means of monitoring progress in achieving strategic objectives across four dimensions: financial, customer, internal, and learning and growth.
Fill in the blank(s) with the appropriate word(s).
balanced
The balanced scorecard approach is based on an integration of strategic planning with a company's budgeting processes, and short-term results from the scorecard can serve as a means of monitoring progress in achieving strategic objectives across four dimensions: financial, customer, internal, and learning and growth.
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Phantom profits result when absorption costing is used and production exceeds sales
Indicate whether the statement is true or false
What is a "check sheet" and what is its role in total quality management?
Firms U and L both have a return on invested capital (ROIC) of 12% and each has the same amount of assets. Firm U is unleveraged, i.e., it is 100% equity financed, while Firm L is financed with 50% debt and 50% equity. Firm L's debt has an after-tax cost of 4.8%. Both firms have positive net income. Which of the following statements is CORRECT?
A. Firm L has a lower ROA than Firm U. B. Firm L has a lower ROE than Firm U. C. Firm L has the higher times interest earned (TIE) ratio. D. Firm L has a higher EBIT than Firm U. E. The two companies have the same times interest earned (TIE) ratio.
Being a manager can be one of the greatest avenues to a meaningful life, particularly if the manager
A. is working in a diverse culture. B. has a supportive family. C. is working within a supportive or interesting organizational culture. D. likes his or her job. E. works in an organization with a strong training program.