Which term refers to the strategic management system that translates an organization's mission and strategy into operational objectives and performance measures?
A) Balanced Scorecard
B) strategic accounting
C) responsibility accounting
D) activity-based management

Question

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The Balanced Scorecard is a strategic management system designed to align an organization's objectives with its mission and strategy by using a balanced set of performance measures that cover financial and non-financial aspects of the business. The system translates the organization's overall strategy into actionable operational objectives and performance measures that can be monitored and managed to achieve strategic success. Strategic accounting is a broader term that includes various techniques and tools used to support strategic decision-making, including cost analysis, performance measurement, and risk assessment. Responsibility accounting is a management accounting method for decentralizing decision-making and assigning responsibility for costs, revenues, and assets to specific individuals or departments within an organization. Activity-based management is a cost management approach that uses activity-based costing (ABC) to identify and manage the costs associated with specific activities or processes within an organization.

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