A ________ combines financial measures of past performance with nonfinancial measures of the drivers of future performance to provide management with a road map for creating shareholder value.

Question

Quizplus · Accepted Answer

A balanced scorecard combines financial and non-financial measures in order to provide a comprehensive view of organizational performance. It helps management to identify areas that need improvement and develop strategies for achieving long-term success. Profit center, cost driver, and operating budget are not directly related to integrating financial and non-financial measures.

A ________ Combines Financial Measures of Past Performance with Nonfinancial