Business, 16.11.2020 16:30 Shybaby5019

One of the major benefits of using a balanced scorecard is the recognition that business success is driven by factors in addition for the financials. True False

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True, one of the major benefits of balanced scorecard is that its helps recognize factors which are necessary to drive a business success.

The Balanced scorecard is a management performance metric which helps to identify and improve the company's internal operations to help their external outcomes.

The Balanced scorecard forms part of internal factors which can be controlled and helps to measures past performance data as well as provides feedback to make better decisions.

Therefore, it is true that one of the major benefits of balanced scorecard is that its helps recognize factors which are necessary to drive a business success.

Learn more about Balanced scorecard here

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Answer from: Camalama

True

Explanation:

The major benefits of using a balanced scorecard is the recognition that business success is driven by factors in addition for the financials.

This is true because the balanced scorecard helps in the balanced assessment of the different factors such as key strategic decisions etc are also responsible for an organization’s growth and developments asides the financials alone.

Answer from: Quest

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

Answer from: Quest

Government ownership and control of resources

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