Question
Which of the following is considered to be an advantage of using both nonfinancial and financial information in the balanced scorecard? Nonfinancial information is most
Which of the following is considered to be an advantage of using both nonfinancial and financial information in the balanced scorecard?
Nonfinancial information is most helpful in analyzing a company's past performance, while financial information is most useful in evaluating potential future performance. | ||
Nonfinancial information provides the short-term perspective while financial information provides the long-term perspective of performance. | ||
Nonfinancial information reflects the company's current and potential competitive advantage, while financial information tends to focus on a firm's achieved financial performance. | ||
Nonfinancial information should be included with financial information because it is more reliable than financial information. |
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