With the balanced scorecard approach, the entire focus is on measuring and managing specific financial goals based on the organization's strategy. is a "false" statement.
<h3>What is balanced scorecard?</h3>
The term "balanced scorecard" refers to the idea of using both conventional financial measures and strategic metrics to obtain a more "balanced" picture of success.
The balanced scorecard idea has developed beyond the straightforward application of viewpoints to become a comprehensive framework for managing strategy.
A system for strategic management and planning is the balanced scorecard (BSC). Businesses employ BSCs to:
- Tell others what they want to achieve.
- Align the job that everyone does on a daily basis with the plan
- Make projects, commodities, and services a priority.
- Track and evaluate your progress toward your strategic goals.
The ability to "connect the dots" between the various elements of strategic planning and management is one of the main advantages of using a disciplined framework.
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Answer:
b. False
Explanation:
Merging or acquiring American corporations by foreign firms helps them consolidating businesses or assets with a view to increasing productivity, maintaining a competitive edge, growing market share, or controlling supply and distribution networks. It gives them a reputation at the international stage as the United States has a dominant capitalist stand and merging with it ensures a promising future in the business market.
After each month, adjust the accounts. Cruella's adjusting entry at the end of February should include a debit to rent expense for $100.
<h3>What is an adjusting entry?</h3>
Adjusting entries refer to a set of journal entries recorded at the end of the accounting period to have updated and accurate balances of all the accounts. The main purpose of adjusting entries is to communicate an accurate picture of the company’s finances. The management can have a proper look into the financial statements knowing that Everything that occurred during the month is reported, even if the financial part of the transaction would have been warranted to have occurred at a later stage.
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Chapter 7 bankruptcy is a type of bankruptcy that requires the liquidation of most of the debtor's assets. It is the most common of the bankruptcy were may debts are forgiven and a variety of assets are sold, Chapter 7 bankruptcy is favored by individuals. Under of this bankruptcy, the debtor's assets are sold off to pay the lenders.
