A __________ is a measurement framework that helps managers translate strategic goals into operational objectives.
A. benchmark
B. trend analysis
C. Balanced Scorecard
D. cultural audit
Answer: C
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The uniqueness and magnitude of the customer value created by a firm's strategy are ultimately determined by the firm's management
Indicate whether the statement is true or false
Which of the following is/are not true?
a. Net income or profit for a period is the difference between revenues from selling goods and services and the expenses incurred to generate those revenues, plus some gains or losses of the period. b. If the expenses plus losses exceed the revenues plus gains, the result is a net loss. c. U.S. GAAP and IFRS require the accrual basis of accounting, which detaches the recognition of revenue from the receipt of cash. d. A seller recognizes revenues when it has performed all, or nearly all, of its obligations to the customer and when it has received cash or an asset that is convertible to cash. e. The firm recognizes and reports expenses that have a causal link with revenues, such as cost of sales, in the next accounting period.
Kyle advertised Acme Global’s need for carpenters in a local newspaper, hoping to create a reasonable pool of qualified candidates. Kyle’s actions represent _________.
A. selection B. hiring C. recruiting D. appraising E. training
In the basic EOQ model, if D = 6000 per year, S = $100, and holding cost = $5 per unit per month, what is the economic order quantity?
A) 24 B) 100 C) 141 D) 490 E) 600