The Balanced Scorecard Approach Assesses Organisational Performance Relative To

question 31

Multiple Choice

The balanced scorecard approach assesses organisational performance relative to:

• A)external consistency of business strategy
• B)achievement of business strategy
• C)capabilities of the organisation
• D)expectations of the key stakeholders
• E)all of the above

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Definitions:

Perfection

In legal and financial contexts, the process of securing an interest in property to achieve priority over third parties in relation to the property.

Secured Interest

A property interest created by agreement or by law over assets to secure the performance of an obligation, usually the payment of a debt.

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to repay according to the agreed terms.

Repossessing

Repossessing refers to the process of a lender taking back possession of property (typically collateral) when the borrower fails to make required payments.