The Primary Aim of the Balanced Scorecard Is To

question 65

Multiple Choice

The primary aim of the balanced scorecard is to:

• A) Use performance indicators that are highly objective
• B) Translate elements of a company's strategic plan into measurable performance indicators
• C) Put less emphasis on financial measures because they are too narrowly focused
• D) Provide a truthful basis for evaluating managers' performance

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Definitions:

Social Class

Social class is a division of society based on social and economic status, influencing individuals' lifestyles, behaviors, and opportunities.

Marketing

The process of promoting, selling, and distributing a product or service, including market research and advertising.

Social Mobility

The relocation of single people, families, or groups across different levels within a social hierarchy or stratification system.

Social Stratification

The arrangement of individuals in a society into hierarchical levels based on factors like wealth, power, and social status.