In a Balanced Scorecard System, Which of the Following Is

question 25

Short Answer

In a balanced scorecard system, which of the following is not a performance measurement dimension? a. Short-term and long-term objectives.
B) "Hard" objective and "short" subjective measures of performance.
C) Past outcomes and forward looking measures of performance.
D) External and internal measures of performance.
E) All of the above are dimensions of performance measurement under a balanced scorecard approach.

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Definitions:

Total Fixed Cost

The sum of all costs that do not change with the level of output, such as rent, salaries, and insurance premiums.

Short Run

A period in which at least one factor of production is fixed, limiting the ability of a business to adjust to changing market conditions fully.

Variable Cost

A cost that increases when the firm increases its output and decreases when the firm reduces its output.

Average Total Cost

The total cost divided by the number of units produced, representing the average cost of production per unit.