A Strategy Map Is

question 10

Multiple Choice

A strategy map is:

• A)A detailed flowchart outlining which firm managers are responsible for each implementation of a firm's strategy and when these implementations are to take place.
• B)A cause and effect diagram of the relationships among the balanced scorecard perspectives to show how the achievement of critical success factors in each perspective affects the achievement of goals in other perspectives and the overall financial performance of the firm.
• C)A framework for the firm to achieve a desired organizational change in strategy while mapping the successes of other firms within the industry.
• D)None of the above.

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Definitions:

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to standardize and simplify the laws related to commerce and sales.

Deduction

Deduction in a financial context refers to the removal of a certain amount from gross income or expenses, which reduces the taxable income or net profit.

Damages

Compensation sought or awarded in a lawsuit for loss or injury suffered by the plaintiff.

Breaching Party

The entity or individual who fails to fulfill their obligations under a contract, thereby violating the agreement.