Answered: What are the advantages and…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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What are the advantages and disadvantages of using the balanced scorecard approach to performance evaluation of managers? Can it be manipulated?

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Step 1

Introduction:-

As a management tool, it helps companies in assessing overall performance and in improving operational processes. It allows managers to look at the business from four different perspectives by seeking to provide answers to the following four basic questions as follows under:-

Customer perspective)

Internal business perspective)

Learning and growth perspective)

Financial perspective)

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