A Key Benefit of Using the Balanced Scorecard to Evaluate

question 57

Multiple Choice

A key benefit of using the balanced scorecard to evaluate business performance is that:

• A) it is simple to implement.
• B) individual performance measures each have their limitations; the balanced scorecard gives a broader picture of performance.
• C) it is limited to financial measures, and so it keeps the focus on the "bottom line".
• D) it is a standardized measure, and so it can be readily used to compare companies in different industries on a consistent basis.

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Definitions:

Social Clock

The traditional expectations of society for when a person is expected to have achieved certain goals such as starting a family or getting settled into a career.

Temperament

The term often used for the “personality” of very young, pre-verbal children. Aspects of temperament include basic attributes such as activity level, emotional reactivity, and cheerfulness.

Individual Differences

Variations or deviations among individuals in their psychological traits, behaviors, or physiological responses.

Over The Life Span

Pertaining to the entirety of an individual's life, from birth to death, and the various psychological or physical changes that occur during this time.