What Is a Balanced Scorecard

question 108

Multiple Choice

What is a balanced scorecard?

• A) It shows profits or losses at a point in time, which is displayed in a Sales - Expenses = Net Income format.
• B) It shows assets and liabilities at a point in time.
• C) It tallies organizational performance in financial, customer service, internal process, and innovation and learning areas.
• D) It occurs when revenues are equal to costs.
• E) It reduces costs and improves workflow by scheduling materials to arrive at a workstation or facility just in time for use.

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Definitions:

Contributed Capital

The total value of the cash and other assets received by a company from its shareholders in exchange for stock, also known as paid-in capital.

Preferred Stock

A class of ownership in a corporation with a higher claim on assets and earnings than common stock, often paying fixed dividends.

Callable Preferred Stock

A type of preferred stock that gives the issuer the right to redeem the stock at a predetermined price after a certain date.

Convertible Preferred Stock

A type of preferred stock that gives the holder the option to convert it into a specified number of common stock shares, usually at any time after a predetermined date.