Before a Balanced Scorecard Can Be Developed, Managers Must

question 68

Multiple Choice

Before a balanced scorecard can be developed, managers must

• A)be clear about the strategy they are trying to achieve.
• B)understand the lagging and leading indicators that affect operations.
• C)utilize a performance dashboard to develop operational goals.
• D)utilize SMART measures.

---

Definitions:

Materials Manager

A professional responsible for overseeing the acquisition, control, and distribution of materials and products within an organization, ensuring efficient operations and cost management.

Supply Chain Manager

A professional role focusing on overseeing and managing a company's supply chain operations to maximize efficiency, reduce costs, and ensure the timely delivery of products.

Production Floor

The area of a manufacturing facility where goods are actually produced or assembled.

Purchase Order

A formal document sent by a buyer to a seller requesting the purchase of products or services, specifying types, quantities, and agreed prices.