Which of the following statements is true about a balanced scorecard?
A) It encourages employees to compete at the expense of cooperating to achieve organizational goals.
B) It allows employees to buy their company when it is experiencing financial problems.
C) It combines the advantages of different incentive pay plans and helps employees understand the organization's goals.
D) It increases cooperation,but does little to motivate day-to-day effort or to attract and retain top individual performers.
E) It is the only measure used by top management to measure the performance of HR professionals and managers.

Question

Quizplus · Accepted Answer

A balanced scorecard combines different incentive pay plans, such as financial and non-financial incentives, to help employees understand the organization's goals and encourage cooperation. It does not encourage employees to compete at the expense of each other or allow them to buy the company. It also helps motivate day-to-day effort and attract and retain top performers. While it may be used as a measure for HR professionals and managers, it is not the only measure.

Which of the Following Statements Is True About a Balanced