The Steps Involved in Building a Balanced Scorecard Are

question 85

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 answer choices are correct.

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Definitions:

Real GDP

Gross Domestic Product adjusted for inflation, representing the value of all goods and services produced over a specific time period, measured in constant prices.

GDP Deflator

An economic metric that converts the nominal GDP to real GDP by adjusting for changes in price levels, allowing comparison across years.

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced by an economy in a given year at constant prices.

GDP Deflator

A measure of the level of prices of all new, domestically produced, final goods and services in an economy relative to the prices in a base year.