The First Step to Successful Balanced Scorecard Implementation Is Clarifying

question 149

Multiple Choice

The first step to successful balanced scorecard implementation is clarifying the ________.

• A) organization's vision and strategy
• B) elements that pertain to value-added aspects of the business
• C) owner's expectations about return on investment
• D) objectives of all four balanced scorecard measurement perspectives

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Definitions:

Profitability Index

A financial metric comparing the present value of future cash flows generated by a project to its initial investment cost, used in capital budgeting.

Investment Projects

Initiatives undertaken by a business or organization to invest in assets or resources with the expectation of generating future profit.

Discount Rate

The interest rate used to discount future cash flows of a financial instrument to present value.

Lease Payments

Regular payments made for the use of an asset or property under a lease agreement.