A Balanced Scorecard Is Used For

question 30

Multiple Choice

A balanced scorecard is used for:

• A)Assessing on a permanent basis the firm's performance
• B)Evaluating the top managers' performance
• C)Directing the future evolution of the firm
• D)Attempting to involve lower management levels in understanding the link between their short-term targets and long-term strategic goals.

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Definitions:

Trademark Rights

Legal rights granted to the owner of a trademark, protecting the distinctive symbols, names, and slogans used to identify their goods or services.

Third Party

An individual or entity that is involved in a transaction but is not one of the principal parties.

Recover Expenses

The act of obtaining reimbursement for costs that were incurred for a specific purpose or activity.

Implied Warranty

Is an assurance automatically applied by law, suggesting that a product is fit for its intended purpose and meets a basic level of quality.