What Is "Balanced" in the Balanced Scorecard Approach

question 110

Multiple Choice

What is "balanced" in the balanced scorecard approach?

• A) The number of products produced
• B) The emphasis on financial and non-financial performance measurements
• C) The amount of costs allocated to products
• D) The number of defects found on each product

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Definitions:

Modification

The act of making changes or alterations to something, such as a document or agreement, often to improve it or make it more suitable.

Past Consideration

Refers to something given or an action that has been taken in the past, which cannot legally serve as a consideration for a present contract.

Statute of Limitations

A legal rule setting the maximum time period in which certain actions can be brought to court or certain rights enforced, after which claims are barred regardless of merit.

Undisputed Debt

The amount of money owed that is not contested or challenged by the debtor, accepted as due and payable.