Final answer:
The statement option: 1 True. EVA can be described as one approach to value-based management of an enterprise is true. EVA is a financial performance metric that helps in assessing a company's true economic profit.
Step-by-step explanation:
True or false: EVA can be described as one approach to value-based management of an enterprise. The correct answer is Option 1: True. Economic Value Added (EVA) is indeed a measure used by companies to determine the value they create beyond the required return of their shareholders. It is a financial performance method to calculate the true economic profit of a corporation. EVA is used within value-based management frameworks to assess a company's financial performance and decisions, factoring in the cost of capital.