One of the Main Criticisms of the Balanced Scorecard Is

question 26

Multiple Choice

One of the main criticisms of the balanced scorecard is:

• A) senior management are seldom committed to its success.
• B) it must be introduced without a trial.
• C) it only measures financial performance.
• D) that the causal relationship between some measures and their economic impact have not been tested.

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Definitions:

Policymakers

Individuals or groups responsible for making and implementing policies, especially in government and legislative contexts.

Natural-rate Hypothesis

The theory suggesting that there is a specific level of unemployment that exists in an economy that is not eliminated by monetary policy in the long run.

Favorable Supply Shock

An unexpected event that suddenly increases the supply of a product or service, resulting in decreased prices and increased quantity.

Short-run Phillips Curve

The short-run Phillips Curve represents the inverse relationship between inflation and unemployment in an economy over a short-term period.