Financial and nonfinancial indicators are used to assess organizational performance and effectiveness under which of the following approaches?
A)Balanced budget
B)Balanced scorecard
C)Variance analysis
D)Performance financial statement

Question

Quizplus · Accepted Answer

The balanced scorecard approach uses both financial and nonfinancial indicators to assess organizational performance and effectiveness. The balanced budget approach focuses solely on financial indicators, variance analysis is a method of analyzing financial data, and performance financial statements focus on displaying financial performance rather than assessing effectiveness.

Financial and Nonfinancial Indicators Are Used to Assess Organizational Performance