Which of the Following Is an Advantage of Using Balanced

question 97

Multiple Choice

Which of the following is an advantage of using balanced scorecard?

• A) It eliminates the need to communicate the details of an incentive plan to the employees.
• B) It eliminates managerial effort when providing incentives to employees.
• C) It increases the pay for all employees in the organization regardless of their performances.
• D) It reduces employee stress because it does not focus on financial targets.
• E) It helps employees understand the organization's goals.

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Definitions:

Long Run

A period in which all factors of production and costs are variable, enabling full adjustment to change.

Short Run

A period in which at least one input in the production process is fixed, and only some inputs can be adjusted by firms.

Decreasing Costs

A situation where the total cost of production decreases as the volume of production increases.

Inferior Good

A type of good for which demand decreases as the income of consumers increases, inversely related to normal goods.