Which of the Following Statements Is True of the Balanced-Scorecard

question 8

Multiple Choice

Which of the following statements is true of the balanced-scorecard?

• A) It is a more or less a one-dimensional metric of measuring competitive advantages of a firm.
• B) It is one of the traditional approaches of measuring firm performance.
• C) Its primary focus is to base a firm's strategic goals entirely on external performance dimensions.
• D) It attempts to provide a holistic perspective on firm performance.

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Definitions:

Planning Phase

The initial stage in a project or process where goals are defined, strategies are developed, and tasks are outlined.

Instant Messaging

A form of real-time communication between two or more people based on typed text, images, video, or audio over the internet or a network.

Inverted Pyramid

A style of writing commonly used in journalism that presents the most important information first, followed by supporting details.

Skimmable Information

Content organized or written in a way that allows readers to quickly find and understand the main points without reading in detail.