Which statement concerning the balanced scorecard is incorrect?
A) Financial information remains a core component of decision-making and strategy development.
B) Reliance solely on financial data will provide an incomplete or unbalanced approach.
C) Its essence is to develop qualitative rather than quantitative measurement tools.
D) None of the above, i.e. all are correct.

Question

Quizplus · Accepted Answer

The essence of the balanced scorecard is to develop both qualitative and quantitative measurement tools so that a balanced approach is taken when making decisions and developing strategies.

Which Statement Concerning the Balanced Scorecard Is Incorrect