The Balanced Scorecard Is Said to Be 'Balanced' Because It

question 116

Multiple Choice

The balanced scorecard is said to be 'balanced' because it measures:

• A)internal and external objectives.
• B)short-term and long-term objectives.
• C)financial and non-financial objectives.
• D)All of these answers are correct.

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Definitions:

Horizontal Change

Alterations or movements that occur parallel to the x-axis in a coordinate system, often reflecting changes over time.

Opportunity Cost

The cost of the next best alternative foregone when a decision is made.

Production Possibility Frontier

A curve depicting the limit of attainable outputs for two or more products given a fixed set of resources, showing the trade-offs in production choices.

Output

The total amount of goods or services produced by a company, sector, or economy in a given period.