The Balanced Scorecard Approach to Control ____

question 23

Multiple Choice

The Balanced Scorecard approach to control ____.

• A) forces managers at each level of the company to set specific goals and measure performance in each of four areas
• B) places greatest priority on the most important aspect of control, the financial perspective
• C) maximizes the chances of suboptimization
• D) only looks at factors within a company's controllable environment
• E) has no real advantages over traditional control techniques

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Definitions:

Future Sacrifice

The expected loss or cost in the future due to present decisions or commitments.

Essential Characteristic

A fundamental or inherent property that defines an entity, distinguishing it from others.

Liability

A company's financial debts or obligations that arise during the course of business operations.

Cumulative Preferred Stock

A type of preferred stock that entitles its holders to dividends that accrue if not paid in any year, payable before any dividends to common stockholders.