Balanced Scorecards Contain a Number of Factors That Are Important

question 76

Essay

Balanced scorecards contain a number of factors that are important to the success of a business.These factors are often divided into four categories: financial,customer,learning and growth,and internal operations.
Consider the twelve factors that follow.
1.Market share
2.Earnings per share
3.Manufacturing cycle efficiency
4.Machine downtime
5.Number of patents held
6.Employee suggestions
7.Number of repeat sales
8.Levels of inventories held
9.Number of vendors used
10.Cash flow from operations
11.Employee training hours
12.Gross margin
Required:
Determine the proper classification (financial,customer,learning and growth,or internal operations)for each of the twelve factors listed.

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Definitions:

Short-Run Phillips Curve

An economic model that shows an inverse relationship between the rate of unemployment and the rate of inflation for a given economy over a short period.

Money Supply

The entire volume of money assets within an economy at a particular time.

Fed Increases

Refers to the Federal Reserve raising interest rates or tightening monetary policy, typically to combat inflation or overheating in the economy.

Adverse Supply Shock

A situation where the supply of goods decreases suddenly, leading to higher prices and lower quantities available.