A balanced scorecard for measuring company performance: Select one: a. Balances the drive for profits with social responsibility objectives b. Entails striking a balance between financial objectives and strategic objectives c. Provides a balance between management and human resources d. Allows balance between long-term and short-term objectives

Question

Business

Lane Glenn

24 September, 18:40

A balanced scorecard for measuring company performance: Select one: a. Balances the drive for profits with social responsibility objectives b. Entails striking a balance between financial objectives and strategic objectives c. Provides a balance between management and human resources d. Allows balance between long-term and short-term objectives

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Lamont Manning · Answer 1

b. Entails striking a balance between financial objectives and strategic objectives

Explanation:

The balance score card is the score card that reflects the performance trend from which the organization will be able to take the acts, decisions accordingly.

This may implement measures for financial as well as strategic. The financial could be in terms of income, past performance, solvency, equity, repayment, etc. While the strategic could be in terms of objectives, setting targets and goals so that the business organisation could able to achieve within their prescribed time