COST ACCOUNTING
BALANCED SCORECARDS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of these is NOT a benefit of the strategy map over the BSC
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The discipline of creating a strategy map of objectives related to the four perspectives engages the executive team and gives them more clarity and commitment to the strategy.
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Causal relationships allow managers to test whether the theory on which their strategy is based is valid.
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It provides a structure for meetings where managers can quickly see which aspects of the strategy are succeeding and which are not.
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Accounting tool that allows viewing the accounting record of a transaction.
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Explanation:
Detailed explanation-1: -The classic Balanced Scorecard includes four perspectives: Financial, Customer, Internal Processes and Learning & Growth.
Detailed explanation-2: -The four perspectives of a traditional balanced scorecard are Financial, Customer, Internal Process, and Learning and Growth.
There is 1 question to complete.