COST ACCOUNTING
BALANCED SCORECARDS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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New product introduction vs competition
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Percent of products that equal 80% sales
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Process time to maturity
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Time to develop next generation
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Detailed explanation-1: -Innovation and learning perspective. They measure continual improvements to existing products and processes and introduction of new products with expanded capabilities.
Detailed explanation-2: -The Learning and Growth Perspective is a part of the balanced scorecard that refers to intangible assets (e.g., employee skills and abilities) that are required to maintain internal processes in the organization.
Detailed explanation-3: -The four perspectives of a traditional balanced scorecard are Financial, Customer, Internal Process, and Learning and Growth.
Detailed explanation-4: -The innovation and learning perspective deals with employee learning, the development of new products, research, and development, etc.