Question

Miguel works at LoftCo, Inc., and has been asked to help lead the development of the company's new balanced scorecard. He and his multifunctional team developed strategic objectives and performance metrics for each of the four perspectives. This work constitutes the complete set of steps in developing a BSC performance management system.

a. true
b. false

Answer 1

The correct answer is A. True

Step-by-step explanation:

Solution

Balanced scorecard performance management system: It is define as a management system and strategic planning that companies or firms use in communicating their set target and objectives.

Furthermore, a balanced scorecard is a measurement of management performance which can recognize and refine internal functions and external results.