COST ACCOUNTING
BALANCED SCORECARDS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Improve Organization Performance
|
|
|
Align Organization Strategy With Workers
|
|
|
Improves Communication Of Vision And Strategy
|
|
|
All of these
|
|
|
None of these
|
Detailed explanation-1: -Operations Management B) Human resources is not one of the four major sections mentioned in the balanced scorecard.
Detailed explanation-2: -A balanced scorecard is a strategic management performance metric that helps companies identify and improve their internal operations to help their external outcomes. It measures past performance data and provides organizations with feedback on how to make better decisions in the future.
Detailed explanation-3: -The four perspectives of a traditional balanced scorecard are Financial, Customer, Internal Process, and Learning and Growth.
Detailed explanation-4: -The Balanced Scorecard doesn’t provide the steps to design the measures. Bordering on prescriptive, the Balanced Scorecard literature offers ideas for measures to use, for specific strategic objectives typical of each of the four perspectives.