Which of the Following Statements About the Balanced Scorecard (BSC)is

question 42

Multiple Choice

Which of the following statements about the balanced scorecard (BSC) is false?

• A)BSC is a strategic measurement and management methodology-and a tool.
• B)The BSC method relies on four "balanced" financial measures.
• C)The BSC methodology is widely used in all industry sectors for strategic planning.
• D)HBR editors consider the BSC as one of the most influential management ideas of the past 75 years.

---

Definitions:

Progress Payments

Payments made on a contract in advance of the final delivery, typically based on the completion of certain stages or milestones within the project.

Critical Event

A significant occurrence or turning point that has the potential to affect the operation, stability, or outcome of a process, project, or situation.

Value Creation

The process through which businesses or organizations generate increased worth for shareholders or stakeholders, often through strategic decision-making and operations.

Cash Payments

Cash payments are transactions that involve the transfer of actual cash from one party to another, usually as payment for goods, services, or obligations.