Internal process perspective is a viewpoint employed in the balanced scorecard to evaluate the effectiveness and efficiency of a company’s value chain, including product development, production, delivery, and after-sale service.
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A business organized as a separate legal entity under state corporation law and having ownership divided into transferable shares of stock is a corporation.
A check is a written order signed by the depositor directing the bank to pay a specified sum of money to a designated recipient. There are three parties to a check:
- Trade receivables
Notes receivable and accounts receivable that result from sales transactions are often called trade receivables.
- Leveraging/ Trading on Equity
Leveraging or trading on the equity at a gain means that the company has borrowed money at a lower rate of interest than it is able to earn by using the borrowed money.
Depreciation is the process of allocating to expense the cost of a plant asset over its useful (service) life in a rational and systematic manner. It is a process of cost allocation...
The allocation of the cost of natural resources to expense in a rational and systematic manner over the resources to expense in a rational and systematic manner over...
- Job Order Cost System
Under a job order cost system, the company assigns costs to each job or to each batch of goods. An example of a job is the manufacture of a mainframe computer by IBM...