A Strength of the Balanced Scorecard Is That It Is

question 77

True/False

A strength of the balanced scorecard is that it is very easy to implement and that there is little need for executive sponsorship.

Understand the implications of job design on employee tasks, training needs, and task identity.

Recognize the importance of competencies, task significance, and autonomy in job design and employee motivation.

Grasp the concept of job families and the impact of environmental factors on job design.

Understand the concept of price elasticity and its effect on sales volume and net operating income.

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Definitions:

Discount Rate

The interest rate charged to commercial banks and other depository institutions on loans received from the central bank's discount window.

Federal Funds Rate

The interest rate at which depository institutions lend reserve balances to other depository institutions overnight on an uncollateralized basis.

Reserve Requirement

The portion of depositors' balances that banks must have on hand as cash or in deposits with the central bank, used as a tool for monetary policy.

Bank Runs

A situation where a large number of a bank's depositors try to withdraw their funds simultaneously over concerns about the bank's solvency.