The Steps Involved in Building a Balanced Scorecard Are

question 71

Multiple Choice

The steps involved in building a balanced scorecard are

• A)Selecting measures,setting targets for measures and adjusting the scorecard as strategies change.
• B)Selecting measures,setting targets for measures and changing objectives that do not meet scorecard measures.
• C)Setting targets for measures,adjusting objectives to meet the scorecard,and eliminating processes that do not meet objectives.
• D)None of these ans choices are correct.

Identify factors leading to trade deficits and their consequences.

Comprehend the concepts of absolute and comparative advantages.

Define key terms in international trade such as balance of trade, tariffs, and quotas.

Analyze the effects of currency valuation on imports and exports.

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Definitions:

Multiplier

A factor by which an initial change in aggregate spending will alter total economic output through a series of induced spending.

Interest Rate

The amount charged, expressed as a percentage of the principal, by a lender to a borrower for the use of assets.

Crowding Out

An economic situation where private investment decreases due to an increase in government borrowing and spending.

Household Spending

This refers to the total amount of money spent by households in an economy on goods and services over a particular period of time.