How does the balanced scorecard approach differ from traditional approaches to performance evaluation?
Whereas traditional approaches focus on financial factors, the balanced scorecard approach to performance measurement uses a set of financial and nonfinancial measures that relate to the critical success factors of the organization. By integrating financial and nonfinancial performance measures, the balanced scorecard approach helps keep management focused on all of a company's critical success factors, not just its financial ones. The balanced scorecard also helps to keep short-term operating performance in line with long-term strategy.
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Projects with shorter payback periods have higher risk, as the company has less time to respond to unanticipated changes.
Answer the following statement true (T) or false (F)
Someone who believes that the principles of justice and moral duties are based on universal
rules, and that the actor must abide by the same rules being applied to others, believes in which moral theory? A) Ethical relativism B) Kantian ethics C) Rawls's distributive justice theory D) Ethical fundamentalism E) Utilitarianism
The basic purpose of __________ is to facilitate the flow of trade by establishing agreements concerning potential trade barriers such as import quotas, customs, export regulations, subsidies, and import fees
a. WTO b. Foreign Sovereign Immunities Act. c. World Bank. d. None of these is correct.
When 1,000 shares of $3 stated value common stock is issued at $18 per share, ________
A) Common Stock - $3 Stated is credited for $18,000 B) the account titled Paid-In Capital in Excess of Stated is used to record the issue price of the stock C) the difference between the issue price and the stated value is credited to Paid-In Capital in Excess of Stated D) the accounting is exactly the same as the accounting for par value stock