Which of the Following Is an Advantage of Using Balanced

question 45

Multiple Choice

Which of the following is an advantage of using balanced scorecard?

• A) It eliminates the need to communicate the details of the plan to the employees.
• B) It eliminates managerial effort when providing incentives to employees.
• C) It increases the pay for all employees in the organization regardless of their performances.
• D) It reduces employee stress because it does not focus on financial targets.
• E) It helps employees understand the organization's goals.

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Definitions:

Accrual

An accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when the cash is received or paid.

Crediting Wages Payable

The accounting action of acknowledging that a company owes wages to its employees, which decreases the wages payable account.

Debiting Interest Receivable

The process of recording the amount of interest earned but not yet received in cash as an asset in the accounting records.

Increase Liabilities

The process or action that results in a higher amount of obligations or debts owed by an entity to others.