Which of the following is true of a Balanced Scorecard?
A)It fails to connect with an organization's overall mission and strategy.
B)It is the most common form of an activity-based responsibility accounting system.
C)It does not work for firms operating in dynamic environments.
D)It is a strategic-based performance management system that identifies objectives and measures for four different perspectives.

Question

Quizplus · Accepted Answer

A Balanced Scorecard is a strategic-based performance management system that identifies objectives and measures for four different perspectives: financial, customer, internal processes, and learning and growth. Options A, B, and C are all incorrect statements.

Which of the Following Is True of a Balanced Scorecard