ECONOMICS

COST ACCOUNTING

BALANCED SCORECARDS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The analysis used for evaluating the success of a strategy through changes in operating income components uses actual results of the current year compared to
A
budgeted results for the current year.
B
actual results for the previous year.
C
target amounts for the current year.
D
budgeted results for the previous year.
Explanation: 

Detailed explanation-1: -the strategic profitability analysis is can described that how firm matches its own. capabilities with opportunities in marketplace in order to achieve its objectives. Operating profit a firm as affected by various components which are responsible for. changes in the revenue and cost.

Detailed explanation-2: -The four perspectives of a traditional balanced scorecard are Financial, Customer, Internal Process, and Learning and Growth.

Detailed explanation-3: -Balanced scorecard perspective, which measures strategy profitability and amount of operating income results from cost reduction is classified as financial perspective.

Detailed explanation-4: -A balanced scorecard is a strategic management performance metric that helps companies identify and improve their internal operations to help their external outcomes. It measures past performance data and provides organizations with feedback on how to make better decisions in the future.

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