The Balanced Scorecard Approach Complements Measures of Past Performance with Measures

question 64

True/False

The balanced scorecard approach complements measures of past performance with measures of the drivers of future performance.

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Definitions:

Computers

Electronic devices that are capable of receiving, processing, and providing information or data according to instructed commands.

High Levels

A term referring to a significant or above-average degree, amount, or intensity in a given context.

Banking Assets

Refer to the properties, loans, securities, and other financial resources owned or controlled by a bank that have value and can be used to meet its financial obligations.

Five Major Banks

A term often used to refer to the five largest banks in a particular country, which usually hold significant market share within the national financial system.