The Balanced Scorecard Approach to Evaluation and Control Assigns to Each

question 12

Multiple Choice

The balanced scorecard approach to evaluation and control assigns to each goal/objective in an area one or more measures that are each essential for achieving a desired strategic option.These measures are called

• A)critical success factors.
• B)key performance measures.
• C)strategic factors.
• D)behavioral measures.
• E)responsibility centers.

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Definitions:

Industrial Economy

An economy characterized by the mass production of goods and services in large-scale enterprises, utilizing technological advancements and machinery.

Postindustrial Economy

An economic phase in which manufacturing no longer plays a dominant role, often characterized by an increase in service and information-based industries.

Socialism

A political and economic theory advocating for collective or governmental ownership and administration of the means of production and distribution of goods.

Capitalist Society

A socio-economic system characterized by private or corporate ownership of capital goods, investments determined by private decision, and prices, production, and the distribution of goods determined mainly by competition in a free market.