Asked by Jasmine Hawkins on Jun 25, 2024
Verified
How does the balanced scorecard help organizations deal with unethical behaviors of executives?
A) It allows companies to deduct executive pay that exceeds $1 million.
B) It ensures that by rewarding the achievement of a variety of goals, temptation on the executive's part to gain bonuses by manipulating data are reduced.
C) It encourages executives to hold on to their stock options when the company is undergoing financial problems.
D) It forces executives to focus on the company's long-term success because ESOP funds are guaranteed by the Pension Benefit Guarantee Corporation.
E) It mandates that an ESOP invest at least 51 percent of its assets in the company's own stock.
Balanced Scorecard
A strategic planning and management system used by organizations to align business activities with the vision and strategy of the organization, improve internal and external communications, and monitor performance against strategic goals.
Unethical Behaviors
Actions that do not conform to acceptable standards of morality or the ethical codes of a particular profession.
Executive Pay
Compensation provided to top-tier management and executives of a company, which may include salary, bonuses, stocks, and other benefits.
- Comprehend the principle and consequences of using the balanced scorecard approach in performance-based remuneration.
Verified Answer
Learning Objectives
- Comprehend the principle and consequences of using the balanced scorecard approach in performance-based remuneration.
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