The Balanced Scorecard Focuses on Both Financial and Nonfinancial Controls

question 9

True/False

The balanced scorecard focuses on both financial and nonfinancial controls.

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Definitions:

Toxic Mortgage Securities

Financial instruments derived from bundles of mortgages that are at high risk of default, contributing to financial crises when their value collapses.

$700 Billion Bailout

Refers to the Emergency Economic Stabilization Act of 2008, a U.S. government program to purchase distressed assets from financial institutions to stabilize the economy.

Henry Paulson

A former American banker who served as the Secretary of the Treasury during the critical period of the financial crisis in 2007-2008.

Great Recession

A severe global economic downturn that occurred from late 2007 through mid-2009, marked by significant declines in economic activity and employment.