The Main Concept of the Balanced Scorecard Is That, to Evaluate

question 116

Multiple Choice

The main concept of the balanced scorecard is that, to evaluate the SBU's progress to strategic success, an organization must use all of the following except:

• A) Both financial and non-financial measures.
• B) Value chain analysis.
• C) Measures of customer satisfaction.
• D) Multiple measures for a comprehensive evaluation.

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Definitions:

Unadjusted

Describes raw or original data that has not been modified or corrected for factors that may affect interpretation, often used in the context of financial or statistical data.

Independent Variables

Variables in an experimental or observational study that are manipulated or categorized to determine their effect on dependent variables.

Coefficient Of Determination

A measure used in statistical analysis that assesses the explanatory power of a model, typically represented as R².

Residuals

Differences between observed and predicted values in a statistical model, indicating the error or unexplained variance.