According to Kaplan and Norton,a(n)________ Is a "Visual Representation of a Company's

question 51

Multiple Choice

According to Kaplan and Norton,a(n) ________ is a "visual representation of a company's critical objectives and the crucial relationships among them that drive organizational performance."

• A) strategy map
• B) external process
• C) corporate plan
• D) resource acquisition
• E) goal accomplishment

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Definitions:

Demand Function

A mathematical function that describes the quantity of a good that consumers are willing and able to purchase at various prices.

Subsidy

A financial contribution granted by the government or a public body to assist an industry or business so that the price of a commodity or service may remain low or competitive.

Monopoly

A market structure characterized by a single seller who has exclusive control over the supply of a good or service and where entry by new competitors is obstructed.

Utility

A measure of satisfaction or happiness that a consumer derives from the consumption of goods and services.