Balanced Scorecard MCQs

SHARE THIS

Balanced Scorecard is an approach to the provision of information to management to assist strategic policy formulation and achievement.
Balanced Scorecard MCQs

Balanced Scorecard MCQs

Balanced Scorecard is an approach to the provision of information to management to assist strategic policy formulation and achievement. Here on MCQs.club we have prepared Multiple-Choice Questions (MCQs) on Balanced Scorecard that wholly covers courses such as balanced scorecard in strategic management, its model, approach, measures, framework, method, objectives, implementation, types with examples. These also covers financial and non-financial measures MCQs. Our designed MCQs are beneficial for Professional accountancy exams, Business management exams and Competitive exams.

  1. The advantages of financial measures of performance include:
    1. Culturally expected, Cheap
    2. Focus on financial objectives and comparable across companies
    3. Established framework for preparation in many causes
    4. Tend to focus onto resource generation and so survival in the long term
    5. All of the above
  1. The disadvantages of financial measures of performance include:
    1. Inflation distortion, lack comparability
    2. Leads to suboptimal and short-term behavior
    3. Subjectivity can exist in calculation e.g. depreciation.
    4. All of the above
  1. Advantages of non-financial measures include:
    1. Wider view, easier to calculate
    2. Easy to understand, Not distorted by inflation
    3. Can emphasize broad spectrum management
    4. Positive motivation implications
    5. All of the above
  1. Disadvantages of non-financial measures include:
    1. Can be difficult to calculate, costly
    2. Subjectivity exists in design, interpretation and calculation
    3. Can lead to indicator overload, culture clash implications
    4. Constant change requires constant monitoring
    5. All of the above
  1. Fitzgerald and Moon adopted a framework for the design and analysis of performance management systems. Their analysis is based on which of the following building blocks:
    1. Dimensions
    2. Standards
    3. Rewards
    4. All of the above
  1. Dimensions –:
    1. Are the goals for the business and suitable measures must be developed to measure each performance dimension. There are six dimensions in the building block model.
    2. Are the measures used. To ensure success it is vital that employee view standards as achievable, fair and take ownership to them
    3. Both A&B
    4. None
  1. Standards –:
    1. Are the goals for the business and suitable measures must be developed to measure each performance dimension. There are six dimensions in the building block model.
    2. Are the measures used. To ensure success it is vital that employee view standards as achievable, fair and take ownership to them
    3. Both A&B
    4. None
Read more