COST ACCOUNTING
BALANCED SCORECARDS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Financial Goals, Performance Indicators, Supervision, Results of the process, Financial Goals, Feedback, Personal Performance.
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Personal Performance, Performance Indicators, Supervision, Process Results, Financial Goals, Feedback.
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Results of the process, Financial Goals, Performance indicators, Feedback, Supervision, Personal performance.
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Detailed explanation-1: -The four perspectives of a traditional balanced scorecard are Financial, Customer, Internal Process, and Learning and Growth.
Detailed explanation-2: -According to Kaplan and Norton (1992, 1993, 1996), the BSC helps to the diffusion of strategic plans of organizations across all levels, aiming to guide people actions towards present and future performance improvement through four different perspectives.
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.