Why Is the Balanced Scorecard Method Said to Be "Balanced

question 61

Multiple Choice

Why is the balanced scorecard method said to be "balanced"?

• A)It uses measurable dimensions for assessing performance.
• B)It measures performance of more than just financial systems.
• C)It assesses both the internally focused and externally focused business processes.
• D)It measures performance along all major divisions of a firm, from production and manufacturing to human resources.

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Definitions:

Non Est Factum

A defence that may allow illiterate or infirm persons to avoid liability on a written agreement if they can establish that they were not aware of the true nature of the document, and were not careless in its execution.

Statute of Frauds

A legal concept that requires certain types of contracts to be executed in writing and signed by all parties involved to be legally enforceable.

Guarantee Indebtedness

A commitment by one party to answer for the financial liabilities or obligations of another party, ensuring the debt will be paid.

Breach of Contract

Violation of any terms or conditions in a contract without a lawful excuse, which may result in legal action.