1dsasdaqaaaa1.

Accounting profit � ameasures the difference between

1dsasdaa the total revenue agenerated by athe organization and its
1dstotal acost.

1dsasdqaaaa2. Acquisition (or takeover) � awhen one organization

1dsasd seeks to acquire another, often smaller, organization.
1dsasdqaa Agency costs � the costs resulting from managers
1dsasdqa abusing their position as agent, aand the associated
1dsascosts of monitoring them to try to prevent this abuse.

1dsasddqaaaa3. Agency problem � this is ianherent in the relationship

1dsas d qaa between the providers of capital, referred to as the principal,
1dsassd qaa and those who employ that capital on their behalf, referred
1dsasd to as the agent (see principal�agent problem).

1dsasd qaaaa4. aAsymmetry of information � exists when the agents

1dsas d (managers) running a corporation have greater access
1dsas d qaaa to information than the principal (shareholders) by
1dsasd virtue of their position.

1dsasd qaaaa5 aBalanced scorecard � provides managers with

1dsasd qaaa a more comprehensive assessment of the state of
1dassd qaa their organization. It enables managers to provide
1dassd qaa consistency between the aims of the organization and
1dassd qaa the strategies undertaken to achieve those aims.

1dassd qaaa6. aBenchmarking � a continuous process of measuring

1dassd qaa products, services, and business practices against those
1dassd qaa companies recognized as industry leaders.

1dassd qaaaaa7. aBHAGs � big hairy audacious goals: goals that stretch
1dassd aaa the organization and are readily communicated to all its
1dassd members.