The Balanced Scorecard Approach

question 143

Multiple Choice

The balanced scorecard approach

• A) uses only financial measures to evaluate performance.
• B) uses rather vague open statements when setting objectives in order to allow managers and employees flexibility.
• C) normally sets the financial objectives first and then sets the objectives in the other perspectives to accomplish the financial objectives.
• D) evaluates performance using about 10 different perspectives in order to effectively incorporate all areas of the organization.

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Definitions:

Correlation

A numerical index showing how two variables fluctuate in relation to one another.

Same Test

A methodology involving the repeated application of a single test or measurement to the same group or entity under constant conditions.

Interrater Reliability

A type of reliability that examines whether observers are consistent with one another.

Total Number

The entirety count of items or individuals within a specified set or group.