Which of the Following Statements Is True of a Balanced

question 131

Multiple Choice

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

• A) The balanced scorecard reduces managers' emphasis on long-run financial performance.
• B) The balanced scorecard reduces managers' emphasis on short-run financial performance.
• C) The primary goal of using the balanced scorecard is to sustain short-run financial performance.
• D) The primary goal of using the balanced scorecard is to sustain short-run nonfinancial performance.

---

Definitions:

Selling Expense

Costs incurred to sell products, including advertising, sales commissions, and the expenses of the sales staff.

Sales Collection

The process of receiving payments from customers for goods or services sold.

Production Budget

A detailed plan that outlines the quantity of each product a company intends to produce during a specific period, based on its sales forecast and inventory policies.

Beginning Inventory

The value of goods available for sale or use at the start of an accounting period.