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Managerial Accounting

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Basics of Balanced Scorecard: Purpose

MGRACT-1RGRWL

Which of the following statements is/are true about the purpose of the balanced scorecard?

Select ALL that apply.

A

The Balanced Scorecard combines financial and nonfinancial measures to evaluate performance.

B

The Balanced Scorecard is a broad-based management approach.

C

The Balanced Scorecard links performance with a company's strategic goals.

D

The Balanced Scorecard weights financial measures higher than nonfinancial measures, but still uses both in the metrics.