Does the scorecard replace traditional financial reports?
AYes, it replaces them
BOnly for non-profits
CNo, it only summarises
DOnly for audits
Answer & Solution
Correct answer: C. No, it only summarises
It is a succinct summary of the most relevant information, not a substitute for conventional reports.
Keep practising Balanced Scorecard and Performance Measurement
Browse all Balanced Scorecard and Performance Measurement questions for CA Final, or explore more Cost and Management Accounting topics.
Related questions
In a membership nonprofit, who elects the board?High salaries relative to program spending may bring a nonprofit what?A nonprofit replaces the profit motive with what?Can a nonprofit legitimately earn a surplus?Which term fits a founder who keeps control as the project expands?A sports club that need not serve the public good is which kind of body?What constraint stops a nonprofit from paying out surplus to owners?What is a key performance indicator framework mainly used for?