COST ACCOUNTING
BALANCED SCORECARDS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Under BSC perspective, people are measured thru employee retention, training, skills, morale
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Financial perspective
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Customer perspective
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Internal business process perspective
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Learning and growth perspective
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Explanation:
Detailed explanation-1: -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: -Abstract: The Balanced Scorecard (BSC) is a structural tool used to measure the effectiveness of activities against the strategic plans of a company.
Detailed explanation-3: -This perspective includes employee training and corporate cultural attitudes related to both individual and corporate self-improvement. In a knowledge-worker organization, people-the only repository of knowledge-are the main resource.
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