A Key Benefit of Using the Balanced Scorecard to Evaluate

question 57

Multiple Choice

A key benefit of using the balanced scorecard to evaluate business performance is that:

• A) it is simple to implement.
• B) individual performance measures each have their limitations; the balanced scorecard gives a broader picture of performance.
• C) it is limited to financial measures, and so it keeps the focus on the "bottom line".
• D) it is a standardized measure, and so it can be readily used to compare companies in different industries on a consistent basis.

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Definitions:

Peripheral Nations

Countries that are less economically developed and often depend on core nations for capital and are exploited for labor and raw materials.

Globalization

Increased economic, political, and social interconnectedness and interdependence among societies in the world.

Per Capita GNI

A measure of a country's economic output that accounts for its number of people; it divides the gross national income by the population size.

Cash Economy

An economic system where transactions are conducted with the direct exchange of physical currency, as opposed to digital or credit transactions.