Which Statement Concerning the Balanced Scorecard Is Incorrect

question 56

Multiple Choice

Which statement concerning the balanced scorecard is incorrect?

• A)Reliance solely on financial data will provide an incomplete or unbalanced approach.
• B)Its essence is to develop qualitative rather than quantitative measurement tools.
• C)Financial information remains a core component of decision-making and strategy development.
• D)None of the above, i.e., all are correct.

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Definitions:

Trade Surplus

A situation where the value of a country's exports exceeds the value of its imports, indicating a positive balance of trade.

Net Exports

The difference between a country’s total exports of goods and services and its total imports of them. Positive net exports indicate a trade surplus, while negative net exports indicate a trade deficit.

Chinese Currency

The official currency of China, known as the Renminbi (RMB) or commonly referred to as the Yuan (CNY).

Scrap Metal

Discarded metal suitable for reprocessing or recycling.