COST ACCOUNTING
BALANCED SCORECARDS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Identifies the main perspectives of the balanced scorecard
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Finances, clients, internal processes, training and growth
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Problem identification, strategies
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Communication system, learning instrument, strategy of an organization
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None of the above
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Explanation:
Detailed explanation-1: -The four perspectives of a traditional balanced scorecard are Financial, Customer, Internal Process, and Learning and Growth.
Detailed explanation-2: -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.
Detailed explanation-3: -The theory behind the Balanced Scorecard customer perspective is that you have to make your customers happy to sell them products and services-and in order to make your customers happy, you have to understand them.
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