The Balanced Scorecard

question 42

Multiple Choice

The balanced scorecard:

• A) Is a tool used to communicate the organizational metrics using a traffic light approach (red/yellow/green).
• B) Is a method used to evaluate the health of an organization by looking at all value drivers such as the customers, the workforce, the financials, and business processes.
• C) Focuses its attention on an organization's financials.
• D) Is used to communicate the TCO for an IT investment.
• E) Is one of many metrics used to evaluate the value of an IT investment.

Recognize the impact of ransomware on municipal operations and understand the vulnerabilities exploited.

Understand the use of biometrics for authentication purposes in organizational security.

Distinguish between trusted and untrusted networks and their relevance to organizational security.

Recognize the importance of secure transactions and the technologies that enable them, such as Transport Layer Security (TLS).

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Definitions:

Adjustments

Entries made in accounting records at the end of an accounting period to allocate revenues and expenses to the period in which they actually occurred.

Account Balances

The amounts in financial accounts at a specific point in time, reflecting the difference between debits and credits.

Supplies Account

An account used in accounting to track the amount spent on supplies used within an organization.

Adjustment

Entries made in accounts to correct errors or allocate income and expenses to the correct accounting period.