Why Is It Important for Management to Use a Balanced

question 34

Multiple Choice

Why is it important for management to use a balanced scorecard?

• A) to help employees understand how their work contributes to the company's goals
• B) to view performance in several areas simultaneously
• C) to save companies in payroll costs
• D) to actually see the sequence of suppliers that contribute to a product
• E) to characterize informal structural arrangements

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Definitions:

Classification

The process of organizing or categorizing objects or entities based on shared characteristics or traits.

Terrestrial

Pertaining to or representing the land as opposed to water or air.

Monocot

One of two classes of flowering plants; monocot seeds contain a single cotyledon, or seed leaf. Compare with eudicot.

Linnaeus

Carl Linnaeus, an 18th-century Swedish botanist, physician, and zoologist who is known as the father of modern taxonomy for creating a system for naming, ranking, and classifying organisms.