Asked by Keneth Cheruiyot on May 19, 2024
Verified
A company's balanced scorecard may include
A) only leading indicators
B) only lagging indicators
C) both leading and lagging indicators
D) neither leading nor lagging indicators
Leading Indicators
Economic factors that change before the economy starts to follow a particular pattern or trend, used to predict future economic movements.
Lagging Indicators
Economic factors that change after the economy has already begun to follow a particular trend, used to confirm the trend.
Balanced Scorecard
A strategic planning and management system that organizations use to communicate what they are trying to accomplish, align day-to-day work with strategy, and measure and monitor progress toward strategic targets.
- Determine key and subsequent indicators in performance assessment.
- Recognize the importance of financial and nonfinancial measurements in assessing performance.
Verified Answer
Learning Objectives
- Determine key and subsequent indicators in performance assessment.
- Recognize the importance of financial and nonfinancial measurements in assessing performance.
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