Which of the Following Statements About a Balanced Scorecard Is

question 10

Multiple Choice

Which of the following statements about a balanced scorecard is true?

• A)The balanced scorecard gives managers a perspective of the organization's performance using a recurring set of criteria.
• B)The advantage of a balanced scorecard approach is that it can best be used as a single, comprehensive measure of corporate performance.
• C)The advantage of a balanced scorecard approach is that it eliminates the need for management accounting data.
• D)The advantage of a balanced scorecard approach is that it leads management to focus exclusively on critical downstream issues such as consumer demand, and away from lesser upstream issues such as design and production.

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Definitions:

Second

A unit of time equal to one sixtieth of a minute, used as a standard measure of time.

Contracts

are legally binding agreements between two or more parties that are enforceable by law.

Promissory Estoppel

A legal principle preventing a party from withdrawing a promise made to a second party if the second party has reasonably relied on that promise to their detriment.

Incarceration

The act of confining someone in a prison or similar facility.