The Balanced Scorecard Approach Assesses Organisational Performance Relative To

question 31

Multiple Choice

The balanced scorecard approach assesses organisational performance relative to:

• A)external consistency of business strategy
• B)achievement of business strategy
• C)capabilities of the organisation
• D)expectations of the key stakeholders
• E)all of the above

---

Definitions:

Substitution Effect

A change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute one good for another.

Income Effect

The alteration in a person's or an economy's earnings and its effect on the amount of a good or service they want to purchase.

Labor Supply Curve

Represents the relationship between the wage rate and the quantity of labor that workers are willing to supply, typically showing that higher wages attract a larger labor supply.

Substitution Effect

The change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute away from more expensive items toward cheaper ones.