Which of the Following Is True of a Balanced Scorecard

question 15

Multiple Choice

Which of the following is true of a balanced scorecard?

• A)It indicates the value of a company based on its competitive demands.
• B)It depicts a company from the perspective of internal and external customers.
• C)It measures a company's performance based on the business strategy adopted by it.
• D)It should not be used to link HRM activities and a company's business strategy.
• E)It guides companies to increase the time spent on new product and service development.

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Definitions:

Net National Product

The total value of all goods and services produced by a country over a specific time period, minus depreciation.

Gross Domestic Product

The aggregate market or monetary value of all completed goods and services produced inside a nation's boundaries over a certain time frame.

Private Consumption

The total value of all goods and services consumed by households and individuals within an economy, excluding government spending and investments.

Gross Investment

The total amount spent on purchases of new capital assets plus replacement of worn-out or obsolete assets.