In Terms of Motivation, One of the Balanced Scorecard's Strengths

question 19

Multiple Choice

In terms of motivation, one of the balanced scorecard's strengths is

• A) Improved financial performance
• B) Aligning individual goals with organisational strategies
• C) Convincing managers that the scorecard is more than a temporary fad
• D) Having generally-defined objectives to increase motivation

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Definitions:

Equivalent

Equivalent refers to something being equal in value, function, or meaning, often used in financial contexts to compare different financial instruments or investments.

Cash Flows

The entirety of funds transferred inwards and outwards of a business, which is vital for maintaining operational liquidity.

Annuities

Financial products sold by financial institutions that are designed to accept and grow funds from an individual and then, upon annuitization, pay out a stream of payments to the individual at a later point in time.

Present Value

The current financial value of money to be obtained in the future or upcoming cash flow payments, quantified by a particular rate of return.