The Goal of the Balanced Scorecard Is To

question 52

Multiple Choice

The goal of the balanced scorecard is to:

• A)maximize profits.
• B)maximize operational efficiency.
• C)develop a set of organizational performance measures.
• D)increase the market share and maximize shareholders' wealth.

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Definitions:

Criterion

A principle or standard by which something may be judged or decided.

Project Manager

A professional responsible for planning, executing, and closing projects, ensuring goals are met within constraints like budget and time.

Change Management Process

A systematic approach to dealing with the transition or transformation of an organization's goals, processes or technologies.

Project Planning

The phase in project management that involves outlining the objectives, scope, resources, timeline, and tasks required to achieve project goals.