Which Statement Concerning the Balanced Scorecard Is Incorrect

question 42

Multiple Choice

Which statement concerning the balanced scorecard is incorrect?

• A) Financial information remains a core component of decision-making and strategy development.
• B) Reliance solely on financial data will provide an incomplete or unbalanced approach.
• C) Its essence is to develop qualitative rather than quantitative measurement tools.
• D) None of the above, i.e. all are correct.

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Definitions:

Deforestation

The clearing or thinning of forests by humans, often for agricultural, commercial, or urban development purposes.

Fishery Collapse

A dramatic decline in fish populations in a given area to the point where they can no longer support a commercial fishing industry, often due to overfishing, pollution, or habitat destruction.

Great Barrier Reef

The Great Barrier Reef is the world's largest coral reef system, located in the Coral Sea off the coast of Queensland, Australia, known for its vast biodiversity and as a popular destination for tourism and diving.

Pacific Halibut

A species of flatfish found in the North Pacific Ocean, known for being a significant source of seafood.