The Balanced Scorecard Evaluates Managers on Financial and Nonfinancial Measures

question 90

True/False

The balanced scorecard evaluates managers on financial and nonfinancial measures of performance.

Compare and contrast social entrepreneurs with traditional entrepreneurs.

Comprehend the importance of social value creation in entrepreneurship.

Understand the concept and types of venture philanthropy funding.

Recognize the potential growth of the social venture capitalist (SVC) market.

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Definitions:

Vendor

A person or company offering something for sale, especially a trader in the retail industry, dealing specifically with goods or services.

Strict Product Liability

A legal doctrine that holds sellers, distributors, or manufacturers liable for injuries caused by defective products to consumers, without the need to prove negligence.

Proximate Cause

In tort law, the connection between the unreasonable conduct and the resulting harm. Proximate cause is determined by asking whether the harm that resulted from the conduct was foreseeable at the time of the original negligent act.

Actual Cause

In tort law, the relationship between the unreasonable conduct and the injury to the innocent party, whether the injury was or was not foreseeable. Actual cause is also referred to as cause-in-fact.