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Evaluate the performance of individuals and of the firm

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Reference no: EM132550467 , Length: Word count: 250

Question 1: In this discussion, we will examine how firms use budget and other information to evaluate the performance of individuals and of the firm. Students should be able to exhibit a familiarity with these concepts and how they are used.

Question 2: Explain the concepts of responsibility accounting and performance evaluation in your own words. How can these be used by a firm to improve their performance? Describe a balanced scorecard and explain how it differs from a traditional evaluation approach.

Reference no: EM132550467

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