A "Balanced Scorecard" That Includes Both Strategic and Financial Performance

question 82

Multiple Choice

A "balanced scorecard" that includes both strategic and financial performance targets is a conceptually strong approach for judging a company's overall performance because

• A)it assists managers in putting roughly equal emphasis on short-term and long-term performance targets.
• B)it entails putting equal emphasis on good strategy execution and good business model execution.
• C)a balanced-scorecard approach pushes managers to avoid strategic management that reflects the results of past decisions and organizational activities.
• D)financial performance measures are lagging indicators that reflect the results of past decisions and organizational activities, whereas strategic performance measures are leading indicators of a company's future financial performance and business prospects.
• E)it forces managers to put equal emphasis on financial and strategic objectives.

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Definitions:

Number of Unemployed

The total count of individuals who are actively seeking work but are currently without a job.

Labor-force Participation Rate

The percentage of the working-age population that is active in the labor market, either employed or actively seeking employment.

Labor Force

The total number of people employed and unemployed but looking for work within an economy.

Employed Category

A classification within labor market statistics representing individuals who are currently employed and working.