What are the two types of objectives included in the balanced scorecard? Define and provide five examples of each.
What will be an ideal response?
The balanced scorecard is a widely used method for combining the use of both strategic and financial objectives, tracking their achievement, and giving management a more complete and balanced view of how well an organization is performing. The two types of objectives included in the balanced scorecard are strategic (e.g., market share, customer retention, customer satisfaction, customer acquisition, new product introduction, reduction of product development cycles, etc.) and financial (e.g., annual percent increases in sales and earnings per share, returns on capital employed, increases in internal cash flows for investment, and improved credit ratings).
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Tammy Corporation leased used equipment to Waller, Inc The equipment originally had a 10-year life and the lease to Waller is for the last two of the ten-year life of the asset. The lease calls for four semiannual lease payments of $2,000 to be made at the end of each year in the life of the lease. The lease agreement contains no transfer of title or bargain purchase option provisions. What is
the amount of the leased asset that should be recorded on Waller's books at the beginning of the lease? a. $2,000 b. $7,092 c. $4,000 d. $-0-
Rochelle, an accountant, enters into a contract to provide services to Sky Transport Inc Rochelledoes not finish the work within the contract's deadline. Sky Transport pays a penalty for the missed deadline and hires Turbo to complete the job. Rochelleis most likely liable for
a. nothing. b. Sky Transport's penalty and the cost to hire Turbo. c. Sky Transport's penalty only. d. the cost to hire Turbo only.
Churchy hires Danielle, a real estate broker, to act as his agent to sell his land for $150,000. Oil is discovered beneath the land, causing its market value to in-crease considerably. The agency agreement is likely A) continued with a proportionate increase in Danielle's sales commission
B) continued until Danielle tells prospective buyers of the discovery. C) terminated by act of the parties. D) terminated by operation of law.
If P(A) = 0.4, P(B | A) = 0.35, P(A ? B) = 0.69, then P(B) =
a. 0.14 b. 0.43 c. 0.75 d. 0.59