The Balanced Scorecard Is a Technique of Performance Management That

question 2

Multiple Choice

The Balanced Scorecard is a technique of performance management that establishes and monitors four dimensions of performance:

• A)Financial,strategic,operational,and ethical performance
• B)Financial,customer,internal,and learning/innovation performance
• C)Profit,sales,productivity,and asset management performance
• D)Shareholder,customer,employee,supplier,and social performance

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Definitions:

Purchase-Money Security Interest

A legal claim or lien on property that secures payment of the price or an obligation incurred for the property's purchase.

Consumer Good

A good used or bought for use primarily for personal, family, or household purposes.

Financial Statement

A formal record of the financial activities and position of a business, individual, or other entity, typically detailing income, assets, liabilities, and equity at a specific point in time.

Default

Failure to make payments on a loan.