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:

Moral Culpability

The degree of condemnation deserved by a person for wrongdoing, considering ethical and moral standards.

Confinement

The act of restraining or restricting someone or something within a space, or the state of being detained, such as in prison.

Utilitarians

Philosophers or adherents of the ethical theory known as utilitarianism, which evaluates the morality of actions based on their outcomes or utility in maximizing happiness or well-being.

Criminal Penalties

Sanctions imposed by a court following a criminal conviction, which may include imprisonment, fines, probation, or other penalties.