A balanced scorecard is:

		A performance measure that evaluates multiple categories related to organizational goals
		A series of checks and balances designed to be mutually cooperative with the financial statements
		An evaluation process that focuses on productivity
		A performance measurement system that is strictly directed toward sales growth

Which of the following statements about a balanced scorecard is true?

		The balanced scorecard gives managers a perspective of the organizations performance using a recurring set of criteria.
		The advantage of a balanced scorecard approach is that it can best be used as a single, comprehensive measure of corporate performance.
		The advantage of a balanced scorecard approach is that it leads management to focus exclusively on critical downstream issues such as consumer demand, and away from lesser upstream issues such as design and production.
		The advantage of a balanced scorecard approach is that it eliminates the need for management accounting data.