COST ACCOUNTING
BALANCED SCORECARDS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Actions that are used in the BSC methodology.
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Personnel and group performance, Process results, Financial goals, Performance indicators, Compliance times.
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Compliance times, Financial goals, Staff and group performance, Performance indicators, Process results
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Performance, Completion time, Financial goals, Performance indicators, Group results.
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Explanation:
Detailed explanation-1: -KPIs are indicators of success toward a desired performance result. KPIs could be thought of as synonymous with the measures in a BSC, as good KPIs are normally indicative of achieving strategic objectives.
Detailed explanation-2: -The four perspectives of a traditional balanced scorecard are Financial, Customer, Internal Process, and Learning and Growth.
Detailed explanation-3: -The heart of the balanced scorecard is a framework of four major categories or perspectives for strategy implementation – financial, customer, internal business, and innovation and learning: The financial perspective asks how the organization should appear to shareholders so that the company can succeed financially.
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