Successful Implementation of the Balanced Scorecard

question 34

Multiple Choice

Successful implementation of the Balanced Scorecard:

• A)may be completed by one important member of the senior management team, such as the chief financial officer.
• B)involves everyone in the organization knowing and understanding the strategy.
• C)should not begin until data are collected for all scorecard measures.
• D)starts with a process to acquire a new data collection system.

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Definitions:

Monozygotic Twins

Identical twins who develop from a single fertilized egg and share nearly all of their genetic material.

Genetic Code

The set of rules by which information encoded in genetic material (DNA or RNA sequences) is translated into proteins by living cells.

Dizygotic Twins

Also known as fraternal twins, are siblings born at the same time who have developed from two different eggs fertilized by two different sperm.

Secondary Sexual Characteristics

Physical traits that are not directly involved in reproduction but distinguish the two sexes, such as breast development in females and facial hair in males.