Examlex
The balanced scorecard is comprised of four components; which of the following is not an item that should be identified for each component?
Outputs
Goods and services of value to households.
Explicit Costs
Payments made directly to external parties as part of business operations, including salaries, rental fees, and the cost of goods.
Implicit Costs
are indirect expenses that do not involve a direct payment of money but represent a loss of opportunity to use resources elsewhere.
Normal Rate
A term that can refer to the typical or standard interest rate charged by lenders or expected returns on investments under normal conditions.
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