Question

using the balanced scorecard:group of answer choicesprevents overemphasis on short-term financial controls at the expense of strategic controls.prevents the board of directors from exerting too much control on the firm's managers.provides a balanced perspective that emphasizes financial value creation for both shareholders and the top management team.provides a clear picture of the relative viability of various strategic options.

Answer 1

The balanced scorecard prevents overemphasis on short-term financial controls at the expense of strategic controls.

The correct answer is a. prevents overemphasis on short-term financial controls at the expense of strategic controls.

The balanced scorecard is a performance measurement framework that helps organizations identify and evaluate key performance indicators (KPIs) across multiple dimensions, including financial, customer, internal processes, and learning and growth. By using the balanced scorecard, organizations can ensure that they are not solely focused on short-term financial goals but also consider other strategic measures for long-term success.

Complete Question :

Using the balanced scorecard:

a. prevents overemphasis on short-term financial controls at the expense of strategic controls.

b. prevents the Board of directors from exerting too much control on the firm's managers.

c. provides a balanced perspective that emphasizes financial value creation for both shareholders and the top management team.

d. provides a clear picture of the relative viability of various strategic options.