Question

Which of the following statements about a balanced scorecard is true?

(a) The balanced scorecard gives managers a perspective of the organization's performance using a recurring set of criteria

(b) The advantage of a balanced scorecard approach is that it eliminates the need for management accounting data

(c) The advantage of a balanced scorecard approach is that it leads management to focus exclusively on critical downstream issues such as consumer demand, and away from lesser upstream issues such as design and production

(d) The advantage of a balanced scorecard approach is that it can best be used as a single, comprehensive measure of corporate performance.

Answer 1

The correct statement(a) about a balanced scorecard is that it gives managers a perspective of the organization's performance using a recurring set of criteria.

Step-by-step explanation:

The correct statement about a balanced scorecard is:

(a) The balanced scorecard gives managers a perspective of the organization's performance using a recurring set of criteria.

The balanced scorecard is a strategic performance measurement tool that provides managers with a balanced view of an organization's performance across multiple dimensions. It typically includes financial, customer, internal process, and learning and growth perspectives. By using a recurring set of criteria, the balanced scorecard allows managers to assess the organization's performance consistently over time.