COST ACCOUNTING
BALANCED SCORECARDS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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BUYER, ECONOMY, INTERNAL BUSINESS, LEARNING.
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BUSINESS, ECONOMY, CUSTOMER, LEARNING
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CLIENTS, FINANCIAL, INTERNAL BUSINESS, DEVELOPMENT AND LEARNING.
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NONE OF THE ABOVE
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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 four perspectives of a traditional balanced scorecard are Financial, Customer, Internal Process, and Learning and Growth.
Detailed explanation-3: -Internal Processes Perspective. This perspective explains how the company is going to satisfy customer needs and meet financial goals. The most important: Make sure that the goals from the Internal perspective are linked to the goals from the. Customer perspective.
Detailed explanation-4: -A balanced scorecard is used to help in the strategic management of organizations. The balanced scorecard is anchored on four perspectives, which include financial, business process, customer, and organizational capacity. It enables entities to discover their shortcomings and come up with strategies to overcome them.
Detailed explanation-5: -The customer perspective of a BSC identifies how a company provides value to its customers and understands how satisfied the customers are with products or services. Customer satisfaction indicates a company’s success.