Which of the following statements regarding balanced scorecards isFalse?
A) The greatest value of the balanced scorecard is that it encourages all employees to consider the impact of their actions on profitability
B) Balanced scorecards are only useful in the public sector
C) A balance scorecard continuously evolves as the organization learns and evolves
D) A balanced scorecard measures both financial and non financial results

Question

Quizplus · Accepted Answer

Balanced scorecards are not only useful in the public sector; they are also widely used in the private sector to measure both financial and non-financial performance indicators, making statement B false.

Which of the Following Statements Regarding Balanced Scorecards IsFalse