In an Effective Balanced Scorecard,________

question 158

Multiple Choice

In an effective balanced scorecard,________.

• A) net income serves as the best indicator for the hard-to measure long-run nonfinancial performance
• B) sales budget serves as one of the leading indicator for the hard-to measure short-run financial performance
• C) sales budget serves as a leading indicator for the hard-to measure short-run nonfinancial performance
• D) customer satisfaction serves as one of the leading indicator for the hard-to measure long-run financial performance

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Definitions:

Human Resource Planning

A strategic approach to ensure the right number of people with the right skills are in place to meet an organization's current and future goals.

Internal Sources

Refers to using an organization's existing staff or resources to fill a position or complete a task, as opposed to looking externally.

Recruitment

The process of identifying, attracting, interviewing, selecting, hiring, and onboarding employees to an organization.

Early Retirement Programs

Plans offered by employers that incentivize employees to voluntarily retire before the typical retirement age, often including financial benefits.