A local area consulting firm is trying to increase the long-term strategic focus of its company reports.Therefore,the firm has decided to use the balanced scorecard.What type of new information that the company currently doesn't use in its financial reports,should the company include?
A)Non-financial information,including customer satisfaction,innovation,etc.
B)Additional financial information,such as profitability measures and market value.
C)Product life cycle information.
D)Supplemental accounting reports.

Question

Quizplus · Accepted Answer

The balanced scorecard includes both financial and non-financial performance measures, such as customer satisfaction, employee engagement, and innovation. This new information will increase the long-term strategic focus of the company reports. Option B may already be included in financial reports, while option C and D may not be relevant or directly related to the company's overall strategy.

A Local Area Consulting Firm Is Trying to Increase the Long-Term