The Balanced Scorecard Approach

Multiple Choice

The balanced scorecard approach

A) Derives its name from the balance it attempts to achieve among a firm's executives,managers,and shareholders.
B) Combines both decision management and decision control.
C) Translates a plan of action that identifies objectives and performance drivers into a strategy to help the organization move in the right direction.
D) Focuses on vague,open statements when setting objectives in order to allow managers flexibility to apply the objective to their individual business units.
E) Evaluates performance using 8-10 different perspectives in order to effectively incorporate all areas of the organization.