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The financial perspective of the balanced scorecard indicates how the organization is of value to...

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Accounting

The financial perspective of the balanced scorecard indicates how the organization is of value to its shareholders. Consider the following types of businesses:

A partnership with no shareholders.

A church that also has no shareholders.

How can a balanced scorecard be applied to each of these organizations, with this limitation?

Discuss whether you agree or disagree with this statement: The financial perspective is clearly irrelevant for these two types of organizations. Be sure to consider how the financial perspective could be implemented for each organization.

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