An example of financial perspective in balanced scorecard is ___________?
Correct answer: C. operating income and revenue growth
- A. employee turnover rates
- B. operating capabilities and number of patents
- C. operating income and revenue growth
- D. customer satisfaction and market share
Explanation
The financial perspective tracks outcomes such as operating income, revenue growth, profitability, and return on investment. Employee turnover belongs to learning and growth, while customer satisfaction and market share belong to the customer perspective.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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