Which of the Following Is Considered to Be an Advantage

question 15

Multiple Choice

Which of the following is considered to be an advantage of using both nonfinancial and financial information in the balanced scorecard?

• A)Nonfinancial information is most helpful in analyzing a company's past performance, while financial information is most useful in evaluating potential future performance.
• B)Nonfinancial information provides the short-term perspective while financial information provides the long-term perspective of performance.
• C)Nonfinancial information reflects the company's current and potential competitive advantage, while financial information tends to focus on a firm's achieved financial performance.
• D)Nonfinancial information should be included with financial information because it is more reliable than financial information.

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Definitions:

Favorable Image

A perception held by consumers or the public that a brand, product, or company is of high quality, trustworthy, or desirable.

Social Interactions

The process by which individuals act and react in relation to others, involving communication, influence, and exchange.

Self-disclosure

The process of voluntarily sharing personal information with others that they would not otherwise know.

Social Media

Social media comprises websites and applications that enable users to create and share content or to engage in social networking.