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The Four Perspectives of the Balanced Scorecard Include a Financial

question 13

Multiple Choice

The four perspectives of the balanced scorecard include a financial perspective,a customer perspective,an internal business processes perspective,and:

Grasp the concept of the range of convenience or relevance for constructs as a personal choice.
Differentiate between the role of psychologists and ordinary people according to Kelly.
Explore how constructs evolve over a person's lifetime, including rigidity and openness to change.
Gain insight into the enduring nature of construct relationships over individual constructs themselves.

Definitions:

Psychological Failure

This term refers to a condition where an individual's mental and emotional state prevents them from achieving their desired goals or functioning effectively.

Principle of Specialization

The Principle of Specialization is a strategy wherein individuals or entities focus on a narrow area of expertise or production to increase efficiency and quality of output.

Unity of Direction

A management principle advocating that teams with the same objective should be directed by one manager and bound by a single plan.

Self-fulfilling Prophecy

A belief or expectation that an individual or group holds about a future event that manifests because the individual or group acts in ways that support the belief or expectation.

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