Which of the Following Statements About the Balanced Scorecard Approach

question 131

Multiple Choice

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

• A) It requires managers to focus on financial measures more than non-financial measures.
• B) It looks at performance from the following perspectives: financial,customer,internal business,and learning and growth.
• C) It helps balance short-term operating performance with long-term strategies.
• D) It recognises that traditional measures of performance are often not adequate to fully assess a company's performance.

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Definitions:

Pension Plans

A type of retirement plan where an employer contributes funds to a pool of money set aside for an employee's future benefit, typically based on years of service and salary.

Performance Feedback

The process through which employees receive information about their job performance from their supervisors, peers, or other sources.

Pay Structure

The pay policy resulting from job structure and pay level decisions.

Technical Expertise

Specialized knowledge or skills in a specific field or technology, often acquired through education and experience.