(CMA)The balanced scorecard has been adopted by many corporations. Which of the following best describes the balanced scorecard?
A)Strategy that meets management's objectives
B)Diagram illustrating cause and effect relationships
C)Table of key actions to achieve strategic objectives
D)Framework for strategic performance measurement and management

Question

Quizplus · Accepted Answer

The balanced scorecard is a framework for strategic performance measurement and management. It helps organizations align their strategy with their mission and goals, and provides a holistic view of their performance by measuring financial, customer, internal process, and learning and growth perspectives. It also emphasizes the importance of identifying cause-and-effect relationships between different performance measures. Choices A, B, and C do not accurately describe the balanced scorecard.

(CMA)The Balanced Scorecard Has Been Adopted by Many Corporations