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By Supplying a Mechanism for Strategic Feedback and Review, the Balanced

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Essay

By supplying a mechanism for strategic feedback and review, the Balanced Scorecard helps organizations foster what kind of learning


Definitions:

Deduction

An amount that is subtracted from someone's gross income, reducing the taxable income and thus the amount of tax owed.

Induction

A reasoning process that involves making generalizations based on specific observations or instances.

Microeconomics

The study of economic behavior and decision-making in small units, such as households and firms.

Economic Units

Entities or groups, such as households, firms, or governments, that make economic decisions regarding consumption, production, and investment.

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