The ________ approach to performance measurement was introduced as a way to evaluate organizational performance from more than just the financial perspective.
A) market value
B) economic value
C) balanced scorecard
D) financial control
E) benchmarking

Question

Quizplus · Accepted Answer

The balanced scorecard approach to performance measurement was introduced as a way to evaluate organizational performance from more than just the financial perspective. It considers four perspectives: financial, customer, internal business processes, and learning and growth. This approach allows organizations to track their progress towards achieving their overall goals and objectives by measuring and monitoring multiple aspects of their performance. The other options (A, B, D, and E) do not capture the multidimensional nature of the balanced scorecard approach.

The ________ Approach to Performance Measurement Was Introduced as a Way