What Is the Balanced Scorecard

question 69

Multiple Choice

What is the balanced scorecard?

• A)an activity-based responsibility accounting model that measures operating activities
• B)a financial-based responsibility accounting model that focuses on the financial performance of units,rewarding performance with static financial-oriented standards
• C)a strategic-based financial reporting system that balances assets with liabilities and owner's equity
• D)a strategic-based performance management system that identifies objectives and measures from a financial perspective,customer perspective,process perspective,and learning and growth perspective

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Definitions:

Normative Commitment

The feeling of obligation an individual has to continue in an organization because of their personal values, ethics, or commitments.

Affective Commitment

An emotional attachment or sense of loyalty of an individual towards an organization, which influences their willingness to continue membership.

Forms of Commitment

Different types of psychological bonds that influence an individual's attachment and loyalty to an organization or cause.

Workplace Changes

Alterations, modifications, or transformations in the working environment, processes, or culture within an organization.