This quiz works best with JavaScript enabled. Home > Accounting > Management Accounting > Balanced Scorecards > Balanced Scorecards – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Balanced Scorecards Quiz 2 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What are the prospects for the Balanced Scorecard? A) Financial, process and customer. B) Financial, social, process and learning. C) Financial, customer, learning and growth. D) Financial, customer, process and learning and growth. Show Answer Correct Answer: D) Financial, customer, process and learning and growth. 2. The global elements of the BSC are: A) Mission, Vision, Core Values, Perspectives and Objectives. B) Perspectives, Mission, Vision, Values. C) Values, Mission and vision, Core Values, objectives. D) None of above. Show Answer Correct Answer: A) Mission, Vision, Core Values, Perspectives and Objectives. 3. What we want to be: A) Mission. B) Values. C) Eyesight. D) Strategy. Show Answer Correct Answer: C) Eyesight. 4. Which of the following are two generic strategies described in the text that a company can use? A) Growth and product differentiation. B) Price recovery and growth. C) Product differentiation and cost leadership. D) Cost leadership and price recovery. Show Answer Correct Answer: C) Product differentiation and cost leadership. 5. Who were the authors of this methodology? A) Robert Kaplan y David Norton. B) David Cortes and Fabio Gutierrez. C) Camilo Padilla and Tomas Salamanca. D) None of above. Show Answer Correct Answer: A) Robert Kaplan y David Norton. 6. What are the 4 perspectives? A) Financial, Political, Clients and Marketing. B) Internal control, Financial, Customer and Sales. C) Financial, Internal Processes, Learning and Growth. D) None of the above. Show Answer Correct Answer: C) Financial, Internal Processes, Learning and Growth. 7. Vision is divided into: A) Financial and economic vision. B) Internal and external vision. C) Clients' vision and manager's vision. D) None of above. Show Answer Correct Answer: B) Internal and external vision. 8. The Balanced Scorecard is also known as: A) Action plan. B) SWOT analysis. C) Balanced Scorecard. D) Just In Time. Show Answer Correct Answer: C) Balanced Scorecard. 9. Variable-focused BSC perspective: employee capabilities, information systems capabilities, and empowerment A) Customer perspective. B) Financial perspective. C) Learning and development perspective. D) Internal Processes Perspective. Show Answer Correct Answer: C) Learning and development perspective. 10. It is not part of the four perspectives: A) Financial. B) Interna. C) Client. D) Action plan. Show Answer Correct Answer: D) Action plan. 11. How to identify the challenges of the organization to be able to execute the strategy: A) From the 4 perspectives. B) From solely the financial interests of the company. C) From the need for profitability. D) From the need for training. Show Answer Correct Answer: A) From the 4 perspectives. 12. Creating value for customers describes which one of the four perspectives of the balanced scorecard? A) Financial perspective. B) Customer perspective. C) Internal-business-process perspective. D) Learning-and-growth perspective. Show Answer Correct Answer: C) Internal-business-process perspective. 13. Answers the question "How do customers see us? " A) Customer perspective. B) Internal perspective. C) Innovation and Learning perspective. D) Financial perspective. Show Answer Correct Answer: A) Customer perspective. 14. Many companies have tried to downsize in an attempt to eliminate A) Inefficiencies and waste associated with non-value-added costs. B) Their unused capacity. C) Costs associated with both direct and indirect labor. D) Costs through using information technology. Show Answer Correct Answer: B) Their unused capacity. 15. What is strategic planning used for? A) To report company results to employers. B) To achieve the desired objectives and goals. C) To increase business income only. D) None of above. Show Answer Correct Answer: B) To achieve the desired objectives and goals. 16. What helps to balance this strategy A) Economic and financial information. B) Accounting information. C) The financial approach, measurements, performance indicators. D) The objectives of the organization. Show Answer Correct Answer: C) The financial approach, measurements, performance indicators. 17. What is the Balanced Scorecard? A) A Strategic planning. B) A management model that helps to clarify the vision. C) It is an internal vision of the organization. D) A communication. Show Answer Correct Answer: B) A management model that helps to clarify the vision. 18. It is based on a correct balance and alignment between the elements of the global strategy and the operational elements of the organization. A) Positioning matrix. B) STUNNING. C) Balance Scorecard. D) Problem Tree. Show Answer Correct Answer: C) Balance Scorecard. 19. Under BSC Perspective, it is measured thru Customer Satisfaction, Retention, Acquisition, Profitability, Market Share A) Financial perspective. B) Customer perspective. C) Internal Business perspective. D) Learning and Growth perspective. Show Answer Correct Answer: B) Customer perspective. 20. Specific perspectives, linked through cause-effect relationships: A) Customers, Business processes, Learning, development and growth, Financial. B) Financial, Clients / Market, Business processes, Learning, development and growth. C) Market, Business processes, Learning, Growth. D) None of above. Show Answer Correct Answer: B) Financial, Clients / Market, Business processes, Learning, development and growth. ← PreviousNext →Related QuizzesManagement Accounting QuizzesAccounting QuizzesBalanced Scorecards Quiz 1Balanced Scorecards Quiz 3Balanced Scorecards Quiz 4Balanced Scorecards Quiz 5Balanced Scorecards Quiz 6 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books