Rangle Holdings Is Using a Balanced Scorecard to Evaluate Its

question 42

Multiple Choice

Rangle Holdings is using a balanced scorecard to evaluate its implementation of its strategies.How should Rangle use both strategic and financial controls in this assessment?

• A) Rangle should use strategic controls when assessing its performance relative to the learning and growth perspective and financial controls when assessing performance in terms of the financial perspective.
• B) Rangle should use strategic controls when assessing its performance relative to the internal business processes perspective and financial controls when assessing performance in terms of the financial perspective.
• C) Rangle should use strategic controls when assessing its performance relative to the learning and growth perspective and financial controls when assessing performance in terms of the internal perspective.
• D) Rangle should use strategic controls when assessing its performance relative to the customer perspective and financial controls when assessing performance in terms of the internal business processes perspective.

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Definitions:

Drawer

A drawer is a person or entity that issues or writes a check or draft, instructing a bank or similar institution to pay a specific amount of money to a designated party.

Drawee

The party on whom a cheque or draft is drawn, responsible for paying the specified amount on the instrument.

Payee

The party in a financial transaction who receives the payment.

Unconditional Promise

A firm commitment or guarantee without any stipulations or requirements for its fulfillment.