Key Performance Indicators for a Balanced Scorecard Are Usually Grouped

question 83

True/False

Key performance indicators for a balanced scorecard are usually grouped into two categories.

---

Definitions:

Control Activity

Actions, policies, and procedures implemented by an entity to minimize risks and achieve its objectives.

Cash Drawer

A small drawer in a cash register or point of sale system used for storing cash and other payment media during business operations.

Authorized Signing Officer

is an individual granted the authority by an organization to sign official documents on behalf of the company.

Supporting Documentation

Documents that provide evidence of transactions and can include receipts, invoices, contracts, and bank statements.