The
Is a framework firms can use to verify that they have established both strategic and financial controls to
Assess their performance.

Question

Quizplus · Accepted Answer

The balanced scorecard is a framework that helps firms to evaluate their performance in terms of both financial and strategic perspectives. It provides a comprehensive approach to measuring success by incorporating metrics related to customer satisfaction, internal processes, innovation, and learning and growth. This approach helps businesses to identify areas of improvement and make strategic decisions based on a combination of financial and non-financial performance indicators.

The Is a Framework Firms Can Use to Verify That They