The Balanced Scorecard Approach

question 143

Multiple Choice

The balanced scorecard approach

• A) uses only financial measures to evaluate performance.
• B) uses rather vague open statements when setting objectives in order to allow managers and employees flexibility.
• C) normally sets the financial objectives first and then sets the objectives in the other perspectives to accomplish the financial objectives.
• D) evaluates performance using about 10 different perspectives in order to effectively incorporate all areas of the organization.

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Definitions:

Propertyless Wage Labor

Refers to the condition of workers who do not own any property and therefore sell their labor for wages to survive.

Juggernaut

A powerful, unstoppable force or entity that crushes whatever is in its path, often used metaphorically to describe social or technological trends.

Disembedding

The process by which social relations are lifted out of local contexts and restructured across indefinite spans of time and space.

Reflexivity

A concept in sociology and anthropology that involves the critical analysis of how one's own identity, values, or perspective influences research outcomes or interactions within a society.