Which statement concerning the balanced scorecard is incorrect? September 22, 2022 by 8i9x6 Financial information remains a core component of decision-making and strategy development. Reliance solely on financial data will provide an incomplete or unbalanced approach. Its essence is to develop qualitative rather than quantitative measurement tools. None of the above, i.e. all are correct. See Answer Its essence is to develop qualitative rather than quantitative measurement tools.