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FACULTY OF BUSINESS

MANAGEMENT ACCOUNTING
TUTORIAL 7 – Decision Making Tools
QUESTION PAPER
Question 1

What is the Balanced Scorecard?

Question 2

What are the benefits of the balanced scorecard?

Question 3

How does the balanced scorecard help in improving performance?

Question 4

What is a strategy map and how is it different from a balanced scorecard?

Question 5

What is the methodology of creating the balanced scorecard?

Question 6

What is the role of a scorecard coordinator?

Question 7

What type of organizations can implement the balanced scorecard?

Question 8

What are the challenges in implementing the scorecard?


Question 9

Is it necessary to implement it software to report the scorecard?

Question 10

Why businesses use balance scorecard?

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