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Which of the following is considered to be an advantage of using both nonfinancial and financial...

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Accounting

Which of the following is considered to be an advantage of usingboth nonfinancial and financial information in the balancedscorecard?

Nonfinancial information is most helpful in analyzing acompany's past performance, while financial information is mostuseful in evaluating potential future performance.

Nonfinancial information provides the short-term perspectivewhile financial information provides the long-term perspective ofperformance.

Nonfinancial information reflects the company's current andpotential competitive advantage, while financial information tendsto focus on a firm's achieved financial performance.

Nonfinancial information should be included with financialinformation because it is more reliable than financialinformation.

Answer & Explanation Solved by verified expert
3.8 Ratings (329 Votes)
Correct answer is C Nonfinancial information reflects the companys current and potential competitive advantage while financial information tends to focus on a firms achieved financial performance    See Answer
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