Which of the Following Is True of the Balanced Scorecard

question 75

Multiple Choice

Which of the following is true of the balanced scorecard?

• A) It ignores the financial performance of the company.
• B) It has the ability to reveal the underlying nonfinancial drivers of financial performance.
• C) It aims to improve the nonfinancial performance of the business.
• D) It focuses primarily on the short term performance of the business.

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Definitions:

Intangible Assets

Non-physical assets that possess value, such as trademarks, patents, goodwill, and copyrights.

Goodwill

The intangible asset that arises when a business is acquired for more than the fair value of its net identifiable assets.

Long-Lived Assets

Tangible or intangible assets that provide economic benefits to a business over several years, including property, plant, and equipment.

Machinery And Equipment

Heavy tools and instruments used in various industries for manufacturing, processing, or handling of products.