B

Balance Sheet:

A written statement of the financial condition of an organization at a specific point in time and specifying all of the organization ‚ s assets and liabilities.

Balanced Scorecard Movement:

A management strategy pioneered by Robert Kaplan and David Norton designed to give a complete picture of an organization by focusing on finances, customers, internal processes, and learning and growth.

Base Driver:

A more detailed, lower-level performance measure on a financial value chain that is used to explain the movement in a higher, more broad financial measure.

Benchmarking:

The practice of comparing one ‚ s own processes or services against the best practices of other highly regarded organizations with the goal of learning what others do that can be transferred into improving the processes of one ‚ s own organization.

Benefit-to-Cost Ratio:

A ratio that shows how many dollars (or other monetary unit) of benefit were created for every one dollar of cost spent. Benefit-to-cost ratio is calculated by dividing the total gross benefits by the total costs of an intervention.

Bottom Line:

Gross sales minus cost of goods sold/cost of services, other sales-driven expenses, fixed expenses, taxes, interest, depreciation, and other one-time or special expenses. Also called net profit (or loss).