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The Balanced Scorecard Is a Performance Evaluation System That Requires

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The balanced scorecard is a performance evaluation system that requires management to consider financial performance measures of performance, but not nonfinancial measures.


Definitions:

Mean Annual Income

The average amount of money earned per year by an individual or household.

Standard Deviation

This statistical index measures how spread out the numbers in a data set are.

Confidence Interval

An expanse of values, garnered from sample analysis, envisioned to embrace the value of an undetected population parameter.

Mean Score

The average score calculated by adding all individual scores together and then dividing by the number of scores.

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