Which of the Following Is One of the Benefits of Using

question 26

Multiple Choice

Which of the following is one of the benefits of using the balanced scorecard approach?

• A) It helps managers avoid using only one measure of performance.
• B) It avoids using financial drivers so that it can focus on nonfinancial drivers.
• C) It avoids using nonfinancial drivers so that it can focus on financial drivers.
• D) It is separate from the strategic management system so that it can focus on financial measures.

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Definitions:

Information Technology

The use of electronic equipment and software to store, retrieve, transmit, and manipulate data, usually in the context of business or enterprise.

Information Overload

A condition in which the volume of information received exceeds the individual's ability to process it.

Organizational Flexibility

The ability of an organization to adapt quickly to changes in the environment, markets, technology, and customer needs.

Safety Engineering

A field of engineering focused on designing systems, processes, and environments that prevent accidents and minimize the risk of harm to people and property.