Which of the Following Statements About the Balanced Scorecard Approach

question 53

Multiple Choice

Which of the following statements about the balanced scorecard approach is true?

• A) It helps management focus on only non-financial measures of performance.
• B) It helps management focus on critical success factors which may be financial and non-financial in nature.
• C) It helps management ignore short-term operating performance in favour of long-term operating performance.
• D) It helps management focus on only financial measures of performance.

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Definitions:

Distilling

The process of purifying a liquid by heating and cooling, separating substances based on differences in their volatilities.

Argument's Premises

The statements or propositions in an argument that provide support to the conclusion.

Implicit Premise

A foundational belief or assumption that is not directly stated but is necessary for the argument to hold.

Country Club

A private club, often encompassing leisure sports facilities like golf and tennis, and dining and social events, accessible usually to members and their guests.