Which of the Following Is an Advantage of the Balanced-Scorecard

question 98

Multiple Choice

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

• A) It is a tool for both strategic formulation and strategic implementation.
• B) It allows managers to translate a firm's vision into measureable operational goals.
• C) The balanced-scorecard is independent of the skills of the managers responsible for its implementation.
• D) Its implementation is a one-time effort and does not require continuous tracking of metrics or updating of strategic objectives.

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Definitions:

Market Price

The current value at which an asset or service may be traded in a public market.

Total Wealth

The sum of all financial assets and physical possessions that have a monetary value owned by an individual or organization.

Reverse Stock Split

A corporate action that reduces the number of a company's outstanding shares by combining them into fewer, proportionally more valuable shares.

Market Price

The immediate price at which an asset or service is open for buying or selling.