What Aims to Balance Long-Term with Short-Term Concerns, Financial with Nonfinancial

question 26

Multiple Choice

What aims to balance long-term with short-term concerns, financial with nonfinancial concerns, and internal with external concerns?

• A) Contingency planning
• B) The Balanced Scorecard approach
• C) Taking corrective action
• D) Benchmarking
• E) Consonance

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Definitions:

Labor Market

The supply of available workers in relation to available employment.

Product Market

The marketplace where final goods or services are traded between sellers and consumers.

Financialization

The process by which financial markets, financial institutions, and financial elites gain a greater influence over economic policy and economic outcomes.

Labor Relations

The study and practice of managing the relationships between employers and their workforce, including the negotiation of collective bargaining agreements and handling of disputes.