Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Balanced scorecard
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- December 4, 2023 at 7:58 am #695957
I have problem with this question found in the study hub: Easyair Co is considering introducing the “balanced scorecard” to allow the airline to monitor performance effectively.
Which THREE of the following are advantages of using the balanced scorecard for monitoring performance?
A. It aims to measure a wider range of aspects of performance rather than just focusing on financial aspects
B. Performance measures are linked to objectives which are based on the organisation’s strategy
C. If focuses management’s attention on value for money objectives
D. It measures the organisation’s performance from the perspective of a wide range of stakeholders
E It contains a small number of key performance indicators, ensuring than senior management focus on the important areas of the business
F It prevents the manipulation of data by managersThe correct answer is A, B and E. BUT I FIND E TO BE INCORRECT AS THERE IS MORE METRIC COMPARED TO ONLY USING FINANCIAL PERSPECTIVES. I FIND THAT D AND F COULD ALSO BE PLOSSIBLE ANSWERS. CAN YOU HELP ME WITH THAT PLEASE
Tutorial note: One of the criticisms on the balances scorecard is that it only considers the interests of two stakeholder groups – shareholders and customers. The interests of other stakeholders such as employees and suppliers are largely ignored.
December 4, 2023 at 9:50 am #695977I agree it could be A , B & D
I don’t know what else to say other than this a very ambiguous question! - AuthorPosts
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