The balanced scorecard
A) is an activity-based responsibility accounting model that measures operating activities.
B) is a financial-based responsibility accounting model that focuses on the financial performance of units, rewarding performance with static financial-oriented standards.
C) is a strategic-based financial reporting system that balances assets with liabilities and owner's equity.
D) is a strategic-based performance management system that identifies objectives and measures from a financial perspective, customer perspective, process perspective, and learning and growth perspective.

Question

Quizplus · Accepted Answer

The balanced scorecard is a strategic-based performance management system that identifies objectives and measures from a financial perspective, customer perspective, process perspective, and learning and growth perspective. It is not an activity-based responsibility accounting model (A), financial-based responsibility accounting model (B), or a financial reporting system that balances assets with liabilities and owner's equity (C).

The Balanced Scorecard