The Balanced Scorecard Framework Implies That

question 60

Multiple Choice

The balanced scorecard framework implies that:

• A)all of the options are implications of the balanced scorecard framework
• B)traditional performance measures alone are inadequate to capture the entire performance of the entity.
• C)that long-term and short term measures need to be considered
• D)non-financial as well as financial measures need to be considered

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Definitions:

Buyer Surplus

The difference between the buyer’s value (what he is willing to pay) and the price (what he has to pay).

Seller Surplus

The difference between price (what the seller is able to sell for) and the seller’s value (what she is willing to sell for).

Individual's Value

The worth or significance of a person, often considered in terms of their qualities, actions, and contributions to society.

Willing

Displaying a readiness or preference towards a particular action or decision.