1 |
True, If improvement in a performance measure on a balanced scorecard should lead to improvement in another performance measure, but does not, then management should reexamineits strategy |
Management should identify the reasons for the same and take necessray actions. |
2 |
True, The emphasis in the balanced scorecard is on improvement rather than meeting a preset standard. |
Balanced scorecard aims at continuous improvement by customer statisfaction |
3 |
True, A balanced scorecard is an integrated set of performance measures that should be designed to support management's strategy throughout the organization. |
It should be in line with the overall strategies of the organization. |
If improvement in a performance measure on a balanced scorecard should lead to improvement in another...
.What doesa balanced scorecard measure?
how balanced scorecard is used to evaluate performance
A balanced scorecard is a: Question 18 options: Chart showing all of the costs compared to budgeted amounts per unit. Listing of all indicators of past performance. Causal model of lead and lag indicators of performance that link to a company’s strategy. Report outlining the company's achievement of target costs.
The balanced scorecard method is a framework for aiding executives with key performance indicators of the firm. Describe in detail the balanced scorecard method along with the four dimensions of this model.
Which describes the balanced scorecard instead of trending? a. Allows tracking of performance over time. b. Monitors for trends and variations in performance. c. Groups together cohorts for budgeting purposes. d Combines performance management and benchmarking.
The Balanced Scorecard 1. Why might measures used in a balanced scorecard differ from company to company? 2. Why does the balanced scorecard include financial performance measures as well as measures of how well internal business processes are doing? 3. If you were at a company and were being reviewed on an annual basis for promotions, increases in salary, etc - would you prefer to be evaluated with a balanced scorecard approach? Some other assessment method? Why?
Which of the following statements is true of successfully implementing a balanced scorecard? A) External auditors should design and implement the balanced scorecard. B) Balanced scorecard should never be communicated to all employees. C) Balanced scorecard should be formed exclusively by top management. D) Management accountants should determine the balanced scorecard measures.
How does the Balanced Scorecard measure how effectively your company is working its assets? A. Days of Working Capital B. Inventory Carrying Costs C. Product Count D. Plant Utilization
Cardinal Corporation is preparing its balanced scorecard for the past quarter. The balanced scorecard contains four perspectives: financial, customer, internal business process, and learning and growth. Cardinal Corporation Balanced Scorecard Report For Quarter Ended December 31 Perspective: Goal Objective KPI Goal Actual Achieved? Financial: Customer: Through its strategic management planning process, CardinalCardinal Corporation has selected two specific objectives for each of the four perspectives; these specific objectives are listed in the following table. Specific Objective 1. Increase sales of...
I'll rate 1. Balanced Scorecard There are several options for evaluating a firm's performance. Among these are Net profit trends, market share trends, and the balanced scorecard. These have all been used to evaluate your firm's performance in the simulation. Provide a comparative discussion of the three indicators mentioned above.