Identify the best description of the balanced scorecard's financial perspective. To achieve our firm's vision and strategy:
A)how can we obtain greater profits for the current year?
B)how can we increase shareholder value?
C)how will we obtain continuous improvements?
D)how can we secure greater customer satisfaction?

Question

Quizplus · Accepted Answer

The financial perspective of the balanced scorecard focuses on improving shareholder value and achieving financial objectives. Option A pertains to short-term profits, while option C pertains to continuous improvement, and option D pertains to customer satisfaction, which are all important but fall under different perspectives in the balanced scorecard.

Identify the Best Description of the Balanced Scorecard's Financial Perspective