Economics · Strategic Management
Consider the following statements regarding the Balanced Scorecard framework: Statement 1: The use of the balanced scorecard rather than a financial performance measure means that only short-term objectives are taken into account when measuring the performance. Statement 2: Once key performance indicators (KPIs) have been set and used in the balanced scorecard model, they cannot be changed as the organisation evolves. Which of the options correctly describes the statements?
- 1Both statements are true
- 2Statement 1 is true, Statement 2 is false
- 3Statement 1 is false, Statement 2 is true
- 4Both statements are false✓
Correct answer
Both statements are false
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Want more practice questions on Strategic Management?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Strategic Management