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The Balanced Scorecard as a Business Tool for Performance Assessment

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The balanced scorecard as a business tool for performance assessment is often difficult to implement in organisations.' Comment.


Definitions:

Population Proportion

The ratio of members in a specified subset to the total members of a population, often expressed as a percentage.

Sample Proportion

The fraction of the sample that represents a particular outcome or characteristic.

Confidence Interval

A range of values derived from sample statistics that is likely to contain the value of an unknown population parameter.

Sample Variance

A measure of the dispersion or spread of data points in a sample, calculated by taking the average of the squared differences from the mean.

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