Which of the following description of the balanced scorecard is correct EXCEPT:

It provides a balance between financial and non$-$financial measures.

It involves identifying the strategic objectives, setting targets for the objectives, and then measuring agai the targets on a regular basis to determine success or failure.

It translates the vision into measurable It is better to focus on a large numbe operational goals. of things that will influence change $t$ maximize the impact of the balance scorecard.