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:

Functional Teams

Groups of individuals who are organized based on their specific roles, expertise, and functions within a company, focusing on achieving specific business objectives.

Virtual

Existing, occurring, or operating primarily online or in a digital format rather than physically.

Team Development

The process of improving the effectiveness and cohesion of a team through various stages and activities.

Adjourning

The final stage in group development where the team completes its task and dissolves, often associated with project teams or task forces.