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:

Sum of Squares Values

A statistical measure that quantifies the total squared deviation of each observation from the mean, used in various analyses like variance calculation.

SSB

Sum of Squares Between groups; a measure used in statistical analysis to quantify the variance among different groups.

Randomized Block Experiment

An experimental design in which subjects are first divided into blocks based on certain inherent characteristics, and then within each block, treatments are randomly assigned to subjects to control for the block effects.

Variation

The degree to which data points in a statistical distribution or data set diverge from the average or mean.