On a Balanced Scorecard,which of the Following Would Be Most

question 95

Multiple Choice

On a balanced scorecard,which of the following would be most appropriate to measure production process integrity?

• A)Rapid time-to-market of new products
• B)Corporate financial profits
• C)Low employee turnover
• D)Decrease in reworked products

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Definitions:

Total Surplus

The sum of consumer and producer surplus; represents the total net benefit to society from the production and consumption of a good or service.

Deadweight Loss

Economic efficiency is lost when the balance for a good or service is either not met or unattainable.

Tariff

A tax imposed on imported goods and services to regulate trade, increase government revenue, or protect domestic industries.

Consumer Surplus

The variance between the sum consumers are inclined and can afford to pay for a good or service and the sum they genuinely pay.