Ask Question
28 November, 01:34

The balanced scorecard measures financial and nonfinancial performance of a business. The balanced scorecard measured four areas. Identify one of the following that is not included as a performance measurement.

1. Internal Process

2. Employees

3. Innovation and learning

4. Financial

+5
Answers (1)
  1. 28 November, 02:07
    0
    2. Employees

    Explanation:

    The balanced scorecard is a standard used by managers in organizations to account for the progress made in the running of the business. Just like a driver would need indicators to explain the progress made in his journey, managers also use key indicators to monitor the progress made by the company. The four key indicators employed by managers are;

    1. Internal Process

    2. Customer Perspective

    3. Innovation and learning

    4. Financial perspective.

    The financial perspective is very important to the managers, and the other three indicators have a telling effect on the level of financial progress made by the organization.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The balanced scorecard measures financial and nonfinancial performance of a business. The balanced scorecard measured four areas. Identify ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers