What Is "Balanced" in the Balanced Scorecard Approach

question 110

Multiple Choice

What is "balanced" in the balanced scorecard approach?

• A) The number of products produced
• B) The emphasis on financial and non-financial performance measurements
• C) The amount of costs allocated to products
• D) The number of defects found on each product

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Definitions:

Political Strategies

Approaches used within organizations to acquire, develop, and use power and other resources to obtain one's preferred outcomes in a situation in which there is uncertainty or disagreement about choices.

Indirect Lobbying

Indirect lobbying involves attempting to influence legislation and public opinion through campaigns that mobilize public support, rather than direct interaction with legislators.

Innovative

Characterized by creativity and the ability to bring forth new ideas, methods, or products that can lead to progress and improvement.

Managers

Individuals within an organization responsible for setting objectives, organizing resources, and overseeing the day-to-day operations to achieve these objectives.