What is "balanced" in the balanced scorecard approach?
A) The number of products produced
B) The emphasis on financial and non-financial performance measurements
C) The amount of costs allocated to products
D) The number of defects found on each product

Question

Quizplus · Accepted Answer

The balanced scorecard approach is a management tool that includes both financial and non-financial performance indicators to measure and evaluate an organization's success. The term "balanced" refers to the inclusion of both types of measures, not the quantity of products or defects. The amount of costs allocated to products may be relevant to financial performance, but it is not the primary focus of the balanced scorecard approach.

What Is "Balanced" in the Balanced Scorecard Approach