Which of the Following Best Describes a Balanced Scorecard

question 118

Multiple Choice

Which of the following best describes a balanced scorecard?

• A) A combination of performance measures directed toward the company's long and short-term goals and used as the basis for awarding incentive pay
• B) A performance review process where the organization collects feedback from customers, managers, and subordinates, assigns ratings, and lists them on the company's performance card
• C) An arrangement in which the organization distributes shares of stock to all its employees by placing the stock into a trust
• D) An incentive pay in which payments are a percentage of the organization's profits and do not become part of the employees' base salary
• E) It is a system designed to measure the performance of HR personnel based on the quality of recruitment

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Definitions:

Price of Output

The amount of money that a producer receives for selling one unit of a product or service in the market.

Price of Inputs

The cost of resources used in the production of goods and services, including materials, labor, and overheads.

Sunk Cost

Expenses that have already been incurred and cannot be recovered, and should not affect future economic decisions.

Remodeling

The process of improving or updating the structure, layout, or appearance of an existing building or space.