The Balanced Scorecard Can Be Made More Effective by Developing

question 56

Multiple Choice

The balanced scorecard can be made more effective by developing it at a detail level so that employees:

• A) Can see how it is put together.
• B) Appreciate all the effort that goes into its preparation.
• C) Respect management for including them in its formulation.
• D) Can see how their actions contribute to the success of the firm.
• E) Do not feel left out.

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Definitions:

Absolute Increases

Refers to outright growth in a specific numerical value, such as income, over a period, without adjustments for factors like inflation.

Relative Increases

Comparisons of growth or expansion in different areas or items, measured in proportionate terms rather than absolute numbers.

Farm Employment

Jobs and labor directly involved in the agricultural sector, including farming, dairy, fisheries, and other activities related to the cultivation and harvesting of products.

Parity Ratio

The ratio of the price received by farmers from the sale of an agricultural commodity to the prices of other goods paid by them; usually expressed as a percentage; used as a rationale for price supports.