Ken and Laura Are Working Toward Implementing a Balanced Scorecard

question 61

Multiple Choice

Ken and Laura are working toward implementing a balanced scorecard for their company. They ask their production and warehouse teams to provide several options regarding strategic initiatives for the internal processes perspective of the balanced scorecard. Which of the following suggestions made by the employees would be a good choice of a strategic initiative for this purpose?

• A)increase profits
• B)increase the average employee's tenure
• C)tie pay raises to training objectives
• D)automate the warehouse

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Definitions:

Balance Sheet Approach

A method in expatriate management that aims to maintain an employee's standard of living when assigned overseas, by adjusting salary based on cost of living, housing, and other factors.

Standard Of Living

A measure of the wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Compensation

The total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed.

Repatriation Support

Assistance provided to employees and their families to help them adjust and reintegrate into their home country after an international assignment.