Busi 490 Chapter 9 Review |17 Questions| With Correct Answers.

internaltional financial reporting standard {Ans: a set of procedures or rules used by accountants, particularyly outside the United Stated to develop financial statements}balance score card {Ans: The technique is based on the need to "balance" financialmeasures with nonfinancial ones.}contingency plans {Ans: alternative plans that can be put into effect if certain key events do not occur as expected}strategy evaluation and control technique {Ans: The balanced scorecard is a}taking corrective actions {Ans: Activity #3 in the strategy-evaluation process; involves a firm making changes to competitively reposition a firm for the future.}governance {Ans: another name for board of directors}