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Asked by Diolicia Bricullett on Apr 25, 2024

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One of the objectives of the four balanced scorecard performance perspectives is to help management focus on looking beyond typical financial measures of performance.

Financial Measures

Quantitative indicators used to assess the financial health, performance, and viability of a business or investment.

Balanced Scorecard Performance Perspectives

A strategic planning and management system that organizations use to communicate what they are trying to accomplish, align day-to-day work with strategy, prioritize projects, products, and services, and measure and monitor progress towards strategic targets.

  • Gain insight into the critical role non-financial criteria play in assessing management effectiveness and formulating strategic approaches.
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Usman Mughal6 days ago
Final Answer :
True
Explanation :
The Balanced Scorecard includes financial measures but also adds three additional perspectives: customer, internal business processes, and learning and growth, to help management look beyond traditional financial measures for a more comprehensive view of performance.

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