What is a strength of the balanced scorecard?
A)The overall emphasis is on the financial measures of the company,which keeps management abreast of the company's financial position.
B)It has the ability to reveal the underlying nonfinancial drivers of financial performance.
C)It provides a method for departmental managers to evaluate top management.
D)All of these are strengths of the balanced scorecard.

Question

Quizplus · Accepted Answer

The balanced scorecard's ability to reveal the underlying nonfinancial drivers of financial performance is a significant strength as it highlights the factors that lead to financial success or failure.

Answer D cannot be the best choice as option A is not a strength of the balanced scorecard. Option C is also not a key strength as the balanced scorecard focuses on aligning departmental and top management goals, not evaluating top management.

What Is a Strength of the Balanced Scorecard