ECONOMICS

COST ACCOUNTING

BALANCED SCORECARDS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Variable-focused BSC perspective: employee capabilities, information systems capabilities, and empowerment
A
Customer perspective
B
financial perspective
C
Learning and development perspective
D
Internal Processes Perspective
Explanation: 

Detailed explanation-1: -The four perspectives of a traditional balanced scorecard are Financial, Customer, Internal Process, and Learning and Growth.

Detailed explanation-2: -What is a balanced scorecard (BSC)? The balanced scorecard is a management system aimed at translating an organization’s strategic goals into a set of organizational performance objectives that, in turn, are measured, monitored and changed if necessary to ensure that an organization’s strategic goals are met.

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.

Detailed explanation-4: -The correct answer is b) External control perspective.

There is 1 question to complete.