Answered: Question: The balanced scorecard…

Question: The balanced scorecard approach includes a) Only financial measures b) Only non-financial measures c) Both financial and non-financial measures d) Only customer measures

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter14: The Balanced Scorecard And Corporate Social Responsibility

Section: Chapter Questions

Problem 3CMA: Which of the following statements best describes the performance elements found on most balanced...

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The balanced scorecard measures a.only financial information b.only nonfinancial information c.external and internal information d.both financial and nonfinancial information
Which of the following statements best describes the performance elements found on most balanced scorecards? a. The balanced scorecard contains neither financial nor nonfinancial performance measures. b. The balance scorecard contains nonfinancial but not financial performance measures. c. The balanced scorecard contains financial but not nonfinancial performance measures. d. The balanced scorecards contains both financial and nonfinancial performance measures.
Which of the following is not an objective used in the balanced scorecard approach? Customer Financial Vendor Learning and growth
In the percentage of sales approach of financial forecasting, the balancing of assets and liabilities sides in a pro forma statement of financial position is achieved by the use of a _______ variable. Multiple Choice Slug. Chug. Balancing. Glug. Plug
Which of the following BEST describes Financial Condition Analysis (FCA)? Group of answer choices it mainly uses financial information in analysis it is a daily assessment of financial performance it evaluates the costs and benefits of financial analysis it assesses the impact of socioeconomic/organizational factors on financial condition
Which of the following statements regarding the balanced scorecard is not correct? a. It seeks to address the problems associated with traditional financial measures used to assess performance. b. The notion of value chain analysis plays a major role in the drawing up of a balanced scorecard. c. It relies on the perception of the users with regard to service provided. d. It is directly derived from scientific management theories.
Customer measures on the balanced scorecard should be: a. Internal: Yes , External: No, Monetary: No, Non-monetary: Yes b. Internal: Yes , External: Yes, Monetary: Yes, Non-monetary: Yes c. Internal: No , External: Yes, Monetary: Yes, Non-monetary: No d. Internal: No , External: Yes, Monetary: No, Non-monetary: Yes
In conducting a B/C analysis, (a) why is it usually necessary to take a specific viewpoint in categorizing cost, benefit, disbenefit estimates; and (b) what are two specific viewpoints that you can identify if the situation is a financial transaction between you and another person? Between your company and an international customer?