Describe the purpose of the balanced scorecard

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Question 1: The balanced scorecard uses both financial and nonfinancial measures. Explain the purpose of the balanced scorecard and identify two examples of nonfinancial measures that might be included in a balanced scorecard.

Question 2: Describe standard costs. Explain the benefits of using a standard cost system at a well-known company. Do not post on a company that one of your classmates has already discussed.

Reference no: EM132689383

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