Which of the Following Statements About a Balanced Scorecard Is

question 10

Multiple Choice

Which of the following statements about a balanced scorecard is true?

• A)The balanced scorecard gives managers a perspective of the organization's performance using a recurring set of criteria.
• B)The advantage of a balanced scorecard approach is that it can best be used as a single, comprehensive measure of corporate performance.
• C)The advantage of a balanced scorecard approach is that it eliminates the need for management accounting data.
• D)The advantage of a balanced scorecard approach is that it leads management to focus exclusively on critical downstream issues such as consumer demand, and away from lesser upstream issues such as design and production.

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Definitions:

Conflicting Wishes

Desires or hopes that are in opposition to one another, making it difficult to satisfy both.

Validity

refers to the extent to which a test, instrument, or research study accurately measures what it intends to measure.

Rorschach Test

A psychological test in which subjects' perceptions of inkblots are recorded and then analyzed using psychological interpretation.

Validity

The extent to which a test, tool, or study accurately measures or reflects what it intends to measure.