Customer Service, External Business Processes, Financial Performance, and the Organization's

question 69

True/False

Customer service, external business processes, financial performance, and the organization's potential for learning and growth are the four major perspectives of the balanced scorecard.

---

Definitions:

Units of Variable

A concept in economics that refers to the variable elements of production, such as labor hours, materials, or energy consumed, which change with the level of output.

Price of Labor

The compensation paid to employees for their work or services, typically in the form of wages or salaries.

Average Variable Cost

The cost a company incurs for each unit of output produced, excluding any fixed costs.

Price of Labor

The wage rate that employers pay workers for their labor services, influenced by supply and demand dynamics in the labor market.