A Balanced Scorecard Consists of a Report Showing a Performance

question 109

True/False

A balanced scorecard consists of a report showing a performance measure such as return on investment (ROI) or residual income for all of the divisions in a company that generate profits.

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Definitions:

Reliability

The consistency and dependability of a measure or test over time, ensuring that similar results are achieved under consistent conditions.

Standard Deviation

A statistical measure of the dispersion or variation in a set of values, indicating how much individual data points differ from the mean value.

Construct Validity

The extent to which a test measures what it claims to measure, representing the accuracy of the construct being assessed.

Standardize

The process of making something conform to a standard, often to ensure consistency and comparability between different instances or measures.