The Balanced Scorecard ________

question 67

Multiple Choice

The balanced scorecard ________.

• A) incorporates both financial and operational performance measures
• B) does not consider operational performance measures
• C) evaluates performance based on organizational participation in improving processes
• D) treats financial indicators as the sole measurement of performance

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Definitions:

Limited Partnership (LP)

A Limited Partnership (LP) is a form of partnership consisting of at least one general partner, who manages the business and is personally liable, and one or more limited partners, who contribute capital and share in profits but have limited liabilities.

Jointly Liable

A legal term indicating that two or more parties are equally responsible for the fulfillment of a liability or debt.

UPA

stands for Uniform Partnership Act, which is a set of laws adopted by some states in the United States to govern the formation, operation, and dissolution of partnerships.

RUPA

The Revised Uniform Partnership Act, which is a set of laws aiming to govern the operation of partnerships within the United States.