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The Balanced Scorecard Combines Financial Measures That Tell the Results

question 7

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The balanced scorecard combines financial measures that tell the results of actions already taken with operational measures on customer satisfaction,internal processes,and the corporation's innovation and improvement activities.


Definitions:

Employer's Payroll Taxes

Taxes that employers are required to pay on behalf of their employees, including Social Security and Medicare taxes.

FICA-OASDI

Federal Insurance Contributions Act - Old Age, Survivors, and Disability Insurance; a payroll tax that funds Social Security and Medicare in the United States.

FICA-Medicare

Refers to the portion of the Federal Insurance Contributions Act tax that is allocated to Medicare, funding hospital insurance benefits.

Social Security Administration

A U.S. government agency that administers social insurance programs, including retirement, disability, and survivors' benefits.

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