Cost Accounting (15th Edition)

Published by Prentice Hall
ISBN 10: 0133428702
ISBN 13: 978-0-13342-870-4

Chapter 12 - Strategy, Balanced Scorecard, and Strategic Profitability Analysis - Assignment Material - Questions - Page 506: 12-8

Answer

A good balanced scorecard: 1. Focuses on both financial and nonfinancial measures. 2. Keeps the number of measures to a minimum, focusing on the most important ones. 3. Helps identify when managers make decisions that don't balance operational and financial factors.

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