Organizations Customize Their Balanced Scorecards According to Their

question 97

Multiple Choice

Organizations customize their balanced scorecards according to their

• A) earnings.
• B) profits, benefits, and incentives.
• C) markets, products, and objectives.
• D) objectives as set by the organization's CEO and board of directors.
• E) research on what drives employee motivation.

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Definitions:

Consumer Surplus

The difference between the total amount consumers are willing to pay for a good or service and the total amount they actually pay.

Producer Surplus

The difference between what producers are willing and able to sell a good for and the actual price they receive, representing the benefit to sellers.

Opportunity Cost

The expense incurred by not choosing the second-best option in any decision-making process.

Higher Prices

An increase in the cost of goods or services in the market.