Which of the following elements of the balanced scorecard defines the purpose of an actiontaken within a company?a. performance metricsb. strategic objectivesc. strategic initiativesd. performance targets

The Balanced Scorecard is a strategic planning and management system used extensively in business…

Answered: Which of the following elements of the…

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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The balanced scorecard approach a. evaluates performance using about 10 different perspectives in order to effectively incorporate all areas of the organization. b. uses rather vague, open statements when setting objectives in order to allow managers and employees flexibility. c. normally sets the financial objectives first, and then sets the objectives in the other perspectives to accomplish the financial objectives. d. uses only financial measures to evaluate performance.
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Which of the following elements of the balanced scorecard defines the purpose of an action taken within a company? a. performance metrics b. strategic objectives c. strategic initiatives d. performance targets