Balanced Scorecard Is a Management System, as Well as a Measurement

question 10

True/False

Balanced scorecard is a management system, as well as a measurement system, that a firm uses to translate business strategies into executable tasks.

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Definitions:

Interactional Fairness

Interactional fairness involves the quality of interpersonal treatment individuals receive when procedures are implemented, emphasizing respect and information conveyance.

Positive Emotions

Feelings that are generally pleasant in nature, such as happiness, joy, enthusiasm, and love, contributing to overall well-being.

Job Satisfaction

The level of contentment or happiness an individual feels regarding their job, influenced by various factors such as work environment, compensation, and personal fulfillment.

Internal Locus of Control

The belief that one has control over their life and outcomes, as opposed to external forces determining one’s fate.