Which of the Following Statements Is True of the Balanced-Scorecard

question 8

Multiple Choice

Which of the following statements is true of the balanced-scorecard?

• A) It is a more or less a one-dimensional metric of measuring competitive advantages of a firm.
• B) It is one of the traditional approaches of measuring firm performance.
• C) Its primary focus is to base a firm's strategic goals entirely on external performance dimensions.
• D) It attempts to provide a holistic perspective on firm performance.

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Definitions:

Straight-Line Method

A depreciation technique where an equal amount of depreciation expense is recognized for an asset over each year of its useful life.

Units Produced

The total quantity of units manufactured during a specific period in a manufacturing or production process.

Depreciation Expense

The allocated amount of an asset's cost over its useful life, representing the wear and tear or obsolescence of the asset.

Double-Declining-Balance Method

An accelerated depreciation method in which an asset's book value is reduced by twice the rate of its straight-line depreciation.