Following Are Some of the Steps in Implementing a Balanced

question 61

Multiple Choice

Following are some of the steps in implementing a balanced scorecard. Which one of these steps would be performed last?

• A) Collect and analyse scorecard data to monitor performance.
• B) Clarify organisational vision and strategies.
• C) Investigate variances and reward employees.
• D) Establish action plans.

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Definitions:

Data Accumulation

The process of collecting and compiling data over time in order to analyze trends, patterns, or relationships within the gathered information.

Control Group

In experimental research, the group of subjects that does not receive the treatment or intervention being tested, serving as a benchmark to measure the effect of the treatment.

Report Bias

A tendency to present information in a way that selectively overlooks, underrepresents, or exaggerates certain viewpoints or data.

Quit Smoking

The process of discontinuing tobacco smoking, which often involves overcoming addiction to nicotine.