The Balanced Scorecard

question 42

Multiple Choice

The balanced scorecard:

• A) Is a tool used to communicate the organizational metrics using a traffic light approach (red/yellow/green).
• B) Is a method used to evaluate the health of an organization by looking at all value drivers such as the customers, the workforce, the financials, and business processes.
• C) Focuses its attention on an organization's financials.
• D) Is used to communicate the TCO for an IT investment.
• E) Is one of many metrics used to evaluate the value of an IT investment.

Recognize the role and effect of additional terms in acceptances between merchants.

Understand the application and impact of the Knock-Out Rule in contracts.

Describe the process and requirements for an acceptance to be effective under the CISG.

Explain the principle of contract formation without a formal agreement and the factors influencing it.

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Definitions:

Bushels

A unit of volume that is used to measure agricultural commodities.

Corn

A cereal plant which yields large kernels set in rows on a cob; an important crop for food, livestock feed, and ethanol production.

Hedged Delivery

A technique used in trading and finance to mitigate risk by taking opposite positions in a market to protect against price movements.

Futures Contract

Agreements to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.