What Is a Result from Using the Balanced Scorecard Approach

question 67

Multiple Choice

What is a result from using the balanced scorecard approach to control?

• A)The approach forces managers at each level of the company to set specific goals and measure performance in each of four areas. 
• B)The approach places greatest priority on the most important aspect of control: the financial perspective. 
• C)The approach maximizes the chances of suboptimization. 
• D)The approach looks only at factors within a company's controllable environment.

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Definitions:

Social Responsibility Pyramid

A conceptual framework suggesting that businesses have multiple levels of responsibilities, from economic to ethical duties.

Legal Obligations

Duties enforced by law that an individual or organization is required to fulfill.

Ethical Responsibility

The obligation to act in a manner that is considered morally right and beneficial to society, often guiding business practices.

Philanthropic Goodwill

The positive recognition and reputation a business gains through charitable activities and contributions to society.