Multiple Choice
Which three elements are typically used to customize a balanced scorecard for an organization?
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1. Introduction to Accounting
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Why should the important contents of a long business report be summarized in an executive summary?
A
To ensure the report is longer and appears more comprehensive.
B
To replace the need for detailed analysis in the main report.
C
To provide busy executives with a quick overview of the main findings and recommendations.
D
To include technical jargon that only specialists can understand.
Verified step by step guidance1
Understand the purpose of an executive summary: It is a concise section at the beginning of a business report that highlights the key findings, conclusions, and recommendations.
Recognize the target audience: Executive summaries are designed for busy executives who may not have time to read the entire report but need a quick overview to make informed decisions.
Identify the main components of an executive summary: It should include the purpose of the report, key findings, conclusions, and actionable recommendations, avoiding unnecessary technical jargon.
Avoid common misconceptions: An executive summary does not replace the detailed analysis in the main report; it complements it by providing a high-level overview.
Ensure clarity and brevity: The executive summary should be written in clear, straightforward language and be concise, typically no longer than one page.
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