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When Implementing a Balanced Scorecard, One Should Assume the Cause-And-Effect

question 113

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When implementing a balanced scorecard, one should assume the cause-and-effect linkage to be precise.


Definitions:

Probability

The measure of the likelihood that an event will occur.

Posterior Probability

The revised probability of an event occurring after taking into consideration new information.

Prior Probability

The probability of an event before new data or information is taken into account.

Conformation

The spatial arrangement of atoms in a molecule that can be altered by rotation around single bonds without breaking chemical bonds.

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