Which of the Following Is NOT True of a Good

question 104

Multiple Choice

Which of the following is NOT true of a good balanced scorecard?

• A)It tells the story of a company's strategy by articulating a sequence of cause-and-effect relationships.
• B)It helps to communicate corporate strategy to all members of the organization.
• C)It identifies all measures, whether significant or small, that help to implement strategy.
• D)It uses nonfinancial measures to serve as leading indicators of future financial performance.
• E)It incorporates both financial and nonfinancial measures.

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Definitions:

Income Tax Expense

The amount of expense that a business recognizes in a given period for the taxes applied on its earnings.

Expired Insurance

The portion of an insurance premium that has been allocated to the expired portion of the policy, representing coverage that has already been provided.

Rent Expense

An expense account that records the cost incurred by a business to rent facilities or equipment for operation purposes.

Utilities Expense

The cost incurred by businesses or individuals for using utilities such as electricity, water, and gas.