Judging Employees by a "Balanced Scorecard" Is One Approach That

question 10

True/False

Judging employees by a "balanced scorecard" is one approach that management can use to try to prevent the dysfunctional behavior that arises when employees focus too much on a single performance measure.

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Definitions:

Withdrawal

The act of taking money out of an account, or the removal of funds from a partnership by a partner for personal use.

Revenues

The full extent of revenue garnered from the commercial activities that are at the core of a company’s operational agenda, particularly through goods or services.

Assets

Resources owned by a company that have economic value and can be used to meet its future obligations.

Liabilities

are legal financial debts or obligations that arise during the course of business operations.