Examlex
Financial measures used in the balanced scorecard include the long-term value of the customer,the number of new products,return on innovation,and number of customer referrals.
Deductive Logic
A method of reasoning from one or more statements (premises) to reach a logically certain conclusion, based on the principle that if the premises are true, the conclusion must be true.
Formal Operational
This refers to the final stage in Piaget's theory of cognitive development, where individuals (typically adolescents and adults) gain the ability to think abstractly, logically, and systematically.
Hypothesis Testing
A statistical method that is used to determine whether there is enough evidence in a sample of data to infer that a certain condition is true for the entire population.
Equilibrium
is a state of balance or stability, achieved by equal action of opposing forces, often used in physical, chemical, and economic contexts.
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