A Firm Has Decided to Use the Balanced Scorecard

question 41

Multiple Choice

A firm has decided to use the balanced scorecard.Which of the following is not an advantage the company will gain by using the balanced scorecard?

• A)It links the firm's CSFs to its strategy.
• B)It helps the firm monitor progress to achievement of its strategic goals.
• C)It can provide a basis for implementing strategic changes desired by the firm
• D)It provides a comprehensive financial overview of the firm.
• E)It helps to coordinate activities in the firm

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Definitions:

Coca-Cola

A multinational beverage corporation, best known for its flagship product, a carbonated soft drink that is a globally recognized brand.

Financial Performance

A measurement of a company's operations and financial health, reflected in its earnings, revenue, and other financial indicators.

Strategic Planning

Strategic planning is the process organizations use to define their strategy or direction and make decisions on allocating resources to pursue this strategy, including capital and people.

Competitive Advantage

The attributes or conditions that allow a company to produce goods or services better or more cheaply than its competitors.