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:

Conclusion

The end or finish of an event, process, or text; a judgment or decision reached by reasoning.

Logical Relationship

The connection between ideas that follows a systematic pattern of reasoning, often governed by specific rules or laws of logic.

Pragmatic Reasoning

Thinking that applies practical and context-specific criteria to decision-making or problem-solving.

Syllogistic Reasoning

A form of deductive reasoning where a conclusion is drawn from two given or assumed premises, each of which shares a common term not present in the conclusion.