The First Step to Successful Balanced Scorecard Implementation Is Clarifying

question 149

Multiple Choice

The first step to successful balanced scorecard implementation is clarifying the ________.

• A) organization's vision and strategy
• B) elements that pertain to value-added aspects of the business
• C) owner's expectations about return on investment
• D) objectives of all four balanced scorecard measurement perspectives

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Definitions:

LCD Televisions

Electronic devices that use liquid crystal displays to show television programming, movies, and other content.

Production Possibility Frontier

A curve depicting the maximum possible output combinations of two goods that can be produced with available resources and technology.

Economic Growth

The increase in the inflation-adjusted market value of the goods and services produced by an economy over time, typically measured as the percent rate of increase in real gross domestic product (GDP).

Capital Stock

Refers to the total amount of physical goods and financial assets owned by a company that are used in producing goods or services.