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When managed correctly, the balanced scorecards can change the way an organization does business. Balanced scorecards keep focus on results. As a portfolio manager, you know that the purpose of using the balanced scorecards is
Correct Answer: A
Explanation Balanced Scorecard helps with two problems that plague organizations: Balanced Scorecard can translate a high level strategic plan into an operational action plan. Balanced Scorecard brings a feedback loop to strategic planning. The Scorecard measures performance against goals, determines if the goals are appropriate, and determines if the strategy or measures should be changed Pay attention, SPM is just a reference guide for the exam, so you will definitely have similar questions from outside the SPM in the exam. This question did occur on rare occasions in the exam and similar questions to it have been spotted multiple times in the exam. BSC is not well explained in the standard when it comes to similar questions, however we try to give you as much information as possible on it for the exam.