COST ACCOUNTING
BALANCED SCORECARDS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Financial perspective
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Customer perspective
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Internal Business perspective
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Learning and Growth perspective
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Detailed explanation-1: -What Are the Four Perspectives of the Balanced Scorecard? The four perspectives of a balanced scorecard are learning and growth, business processes, customer perspectives, and financial data. These four areas, which are also called legs, make up a company’s vision and strategy.
Detailed explanation-2: -The financial perspective of the balanced scorecard helps a firm monitor the profits and value created for shareholders.
Detailed explanation-3: -Under the financial perspective, the goal of a company is to ensure that it earns a return on the investments made and manages key risks involved in running the business. The goals can be achieved by satisfying the needs of all players involved with the business, such as the shareholders, customers, and suppliers.
Detailed explanation-4: -The correct answer is b) External control perspective.