In Recent Years,the Balanced Scorecard Has Evolved into a System

question 65

Multiple Choice

In recent years,the balanced scorecard has evolved into a system that helps managers see how:

• A)organizational performance results from cause-effect relationships among the four mutually supportive perspectives of balanced scorecard.
• B)decentralized control is effective for organizations to achieve the preset goals, mission, and vision.
• C)accuracy and responsiveness of employees improve drastically from the usage of outcome control instead of behavior control in their organization.
• D)each and every perspective of a balanced scorecard is dependent on each other.

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Definitions:

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output typically decreasing with increasing scale.

Entry Barrier

Obstacles that make it difficult to enter a particular market, including high start-up costs, strict regulations, or significant competition.

Marginal Revenue

The supplementary earnings achieved by selling another unit of a good or service.

Demand Schedule

A table showing the quantity of a good that consumers are willing to buy at various price levels, holding all other factors constant.