Which of the following is true of a balanced scorecard?
A) It encourages employees to compete at the expense of cooperating to achieve organizational goals.
B) It allows employees to buy their company when it is experiencing financial problems.
C) It combines the advantages of different incentive pay plans and helps employees understand the organization's goals.
D) It increases cooperation but does little to motivate day-to-day effort or to attract and retain top individual performers.
E) It is the only measure used by top management to measure the performance of HR professionals and managers.

Question

Quizplus · Accepted Answer

A balanced scorecard combines the advantages of different incentive pay plans and helps employees understand the organization's goals. It is a multidimensional framework that includes financial metrics, customer metrics, internal process metrics, and learning and growth metrics. It is designed to align individual performance with organizational goals and to encourage cooperation among employees. It can also help organizations to attract and retain top talent by providing a clear understanding of how their work contributes to the success of the organization.

Which of the Following Is True of a Balanced Scorecard