Which of the following statements is true regarding the balanced scorecard?
A) The balanced scorecard focuses on financial measures alone to measure the success of an organization.
B) Governmental agencies and nonprofit organizations use the same four perspectives as for- profit organizations use in the balanced scorecard approach.
C) The balanced scorecard is a framework for measuring organizational performance using both financial and nonfinancial measures.
D) The balanced scorecard uses the five elements described in Porter's Five Forces to assess the strategies and initiatives of an organization.
Correct Answer:
Verified
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