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Katarina [22]
3 years ago
6

What are the weaknesses of the cash payback approach? A. It uses accrual-based accounting numbers B. It ignores the time value o

f money C. It ignores the useful life of alternative projects D. Both (B) and (C) are true
Business
1 answer:
Debora [2.8K]3 years ago
7 0

Answer:

D. Both (B) and (C) are true

Explanation:

Cash payback approach is helpful to know the number of years, project would take to recover the initial investment. It could be calculated by dividing initial investment by cash flow per year. It is very simple and easy approach to compare projects and find number of years to recover the initial investment. The most serious weekness of cash payback approach is, it ignore the time value for the money, it also ignore project profitablity and project`s return on investment.  As according to cash payback approach, it consider projects with short payback time as profitable and thus ignore useful life of alternative projects.

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Answer:

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3 years ago
Write a three-paragraph essay describing the value and benefits of using a balanced scorecard for management control. Compare an
Stels [109]

Answer:

The Balanced Scorecard for Management Control

Dana's company can deploy the Balanced Scorecard as a strategic management control approach which views organizational performance from four broad perspectives that are all-embracing.  These perspectives include the  Financial Perspective, the Customer Perspective, the Internal Business-Process Perspective, and  the Learning and Growth Perspective. The aim is to ensure that control is not just about one aspect of the organization, but the whole, and a balance is struck by paying equal attention to the elements that make up an organization.

According to a well-known adage, "what you measure is what you get."  The BSC approach strategically and holistically measures an organization's performance by identifying all the factors that cause improved organizational outcomes.   Therefore, the benefits of using a balanced scorecard include improved internal capacity created by a focus on improving an organization's learning and growth through the Learning and Growth perspective.  This cascades to improved internal processes which result from the internal perspective.  With improved processes, customers and other stakeholders derive better and maximum satisfaction from the organization.  This does not end here.  Satisfied customers cause improved financial results, which are distributed to an organization's stakeholders, including the government in form of taxation, dividends for stockholders, and better pay for employees, etc. These stakeholders in turn try to add value to the organization with better processes and operations, improved financing, and business opportunities.

Looking at the value package of BSC, I agree with Dana that the BSC approach is better than using only financial controls alone.  While financial controls are at the very core of resource management and operational efficiency in any organization, they do not represent the whole picture of management control.  They are the endgames and not the starting strategies for a winning organization.

Explanation:

The Balanced Scorecard (BSC) utilizes a 360 degree approach to achieve effective control of resources toward attaining goals by viewing organizational performance from four broad perspectives, which cover all aspects of any organization.  The four perspectives that BSC uses are the  Financial Perspective, the Customer Perspective, the Internal Business- Process Perspective, and  the Learning and Growth Perspective.  By approaching performance evaluation and management with these perspectives, the Balanced Scorecard is able to achieve all-round management control because no aspect of the organization is left behind.

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ANEK [815]

Answer:

The correct answer is letter "C": Pictorial cues; verbal cues.

Explanation:

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