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The Balanced Scorecard Was Developed by Drs

question 39

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The balanced scorecard was developed by Drs.Robert Kaplan of the Harvard Business School and David Norton.Which systems does the balanced scorecard measure?


Definitions:

Limited Wants

The concept that the desires or needs of human beings are finite or restricted due to limited resources and time.

Tradeoff

A scenario in which one characteristic or element is forfeited in exchange for acquiring a different characteristic or element.

Efficiency

The extent to which time, effort, or cost is well used for the intended task or purpose, often with the goal of minimizing waste and maximizing output.

Equality

A state of being equal, especially in status, rights, and opportunities.

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