Which of the Following Is an Advantage of Using Balanced

question 99

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 provides more pay to all employees in the organization.
• D) It reduces employee stress as it does not focus on financial targets.
• E) It helps employees understand the organization's goals.

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Definitions:

Economic Fortune

The state of prosperity or success, especially as determined by economic variables such as income, employment, and market position.

Exchange-rate System

The method by which a country manages its currency in relation to other currencies and determines its exchange rate.

Flexible System

An adaptable framework or methodology that can adjust to changes in environment or operation, often seen in production, management, or scheduling.

Major Currencies

The world's most widely traded currencies, typically including the US Dollar, Euro, Japanese Yen, and British Pound among others.