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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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(Appendix 11A) Describe the four perspectives of the Balanced Scorecard.

To determine

Describe the four perspectives of the balanced scorecard.

Explanation

Balanced Scorecard:

Balanced scorecard means the system of strategic management which converts the strategy and mission of an organization into performance measures and operational objectives.

There are four perspectives which are as follows:

  • Financial perspective: It defines the economic outcome of the actions considered in other perspectives.
  • Customer perspective: It states the market segments and consumer segments in which the business will operate...

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