A balanced scorecard uses only nonfinancial measures to determine how well the organization is doing in view of competing stakeholder concerns.Financial and nonfinancial measures are used.

Question

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A balanced scorecard uses both financial and nonfinancial measures to evaluate organizational performance across different perspectives like customer, financial, internal processes, and learning and growth. It aims to provide a comprehensive view of how well the organization is achieving its objectives, taking into account varied stakeholder concerns.

A Balanced Scorecard Uses Only Nonfinancial Measures to Determine How