Many organizations are increasingly presenting financial and nonfinancial performance measures for their subunits in a single report referred to as the ________.
A)balance sheet
B)balanced scorecard
C)resource statement
D)fixed cost flexible-budget
E)variable unfixed cost flexible-budget

Question

Quizplus · Accepted Answer

The balanced scorecard is a management tool used by organizations to track and communicate overall performance. It provides a framework for tracking financial and nonfinancial measures, as well as a balance between short-term and long-term goals. By presenting both types of measures in a single report, organizations can better understand how their decisions impact overall performance.

Many Organizations Are Increasingly Presenting Financial and Nonfinancial Performance Measures