Outline and Briefly Describe the Four Major Components of the Balanced

question 92

Essay

Outline and briefly describe the four major components of the Balanced Scorecard.

---

Definitions:

True

In accordance with fact or reality, not false or erroneous.

Empirical Reasoning

The process of drawing conclusions based on observation or experiment rather than theory alone.

Hypothesis

A supposition or proposed explanation made on the basis of limited evidence as a starting point for further investigation.