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galina1969 [7]
2 years ago
13

The balanced scorecard approach uses only financial measures to evaluate performance. uses rather vague, open statements when se

tting objectives in order to allow managers and employees flexibility. normally sets the financial objectives first, and then sets the objectives in the other perspectives to accomplish the financial objectives. evaluates performance using about 10 different perspectives in order to effectively incorporate all areas of the organization.
Business
1 answer:
fomenos2 years ago
8 0

Answer: Normally sets the financial objectives first, and then sets the objectives in the other perspectives to accomplish the financial objectives.

Explanation:

The Balanced Scorecard Approach is a method of measuring the internal business environment's effectiveness.

It is used to improve the parts of the internal business Environment that are in need of improvement which then has the domino effect of improving facets of the external business environment as well.

It has 4 areas that it focuses on in the business, which are Learning and Growth, Business Processes, Customers, and Finance.

The financial objectives are usually set first and then the other areas have objectives set up in such a way that the Financial objectives are accomplished.

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The unemployment rate in an economy is 6 percent. The total population of the economy is 290 million, and the size of the civili
Tema [17]

Answer:

2. 9 million

Explanation:

We know that

Unemployment rate = Number of unemployed workers ÷ Civilian labor force

6% = Number of unemployed workers ÷ 150 million

So, the number of unemployed workers would be

= 150 million × 6%

= 9 million

We simply applied the unemployed rate so that the number of unemployed workers could come

All other information given is of no significance. So, ignored it

7 0
2 years ago
Isn’t "corporate entrepreneurship" an oxymoron? Do the characteristics of an established organization, such as its routines and
pashok25 [27]

Answer:

Isn’t "corporate entrepreneurship" an oxymoron?

I guess that most people would believe that corporations and entrepreneurs and completely opposite, and for the most part they are right. But some corporations actually do have entrepreneurial spirit or at least try to. E.g. 3M is famous for allowing their employees some creative time so that they can come up with new ideas. Google is another example of a large corporation that allows for creative time while at work.

Do the characteristics of an established organization, such as its routines and structure, increase efficiency but at the same time kill any entrepreneurial spirit?

Routines, schedules and corporate structure not only kill, but they rather massacre and exterminate entrepreneurial spirit and creativity. One great example of how corporations do not allow people to think or act differently can be seen in the movie about Ford competing in Le Mans.

Is there any way that a company can have the best of both worlds?

I guess that it is difficult, but not impossible for a company to have corporate entrepreneurship. The problem is that corporations will probably believe that it is a waste of money to pay for their employees to do nothing and just wander around thinking about new ideas. Creativity has a cost and not everyone is willing to pay for it.

8 0
2 years ago
Which of the following is not among the chief reasons organizations fail? Multiple Choice overemphasis on short-term financial p
kvv77 [185]

Emphasizing labor productivity in labor-intensive environments is not among the chief reasons organizations fail.

<h3><u>Explanation:</u></h3>

Labor intensive production technique involves the usage of higher amount of labor for the production of goods and services. Here the other factors of production such as capital is used less compared to labor. When we are in a need of producing goods or services only at a small scale then we can opt for the Labor-intensive means of production.

For those organisation that has an environment to be of labor intensive then the process of using  labor productivity  will be appreciated for the success of the organisation. Focusing on the  financial performance in short-term basis, over emphasis on the design of the product, poor communication in the internal organisation,not investing in capital and human resources are the reasons for the failure of many organisation.

3 0
2 years ago
Blast sells portable CD players, and each unit carries a one-year replacement warranty. The cost of repair defects under the war
zlopas [31]

Answer: Blast would debit the product warranty expense with $3,250

Explanation: The cost of repair under warranty is 10% of salea price. The sales price per unit is $50 of which 650 CDs were sold.

Therefore the product warranty expense will be (10% * ($50 * 650 CDs)) = $3,250.

6 0
2 years ago
Basic earnings per share ignores:A. All potential common shares.B. Some potential common shares, but not others.C. Dividends dec
Aleksandr [31]

Answer:

A. All potential common shares.

Explanation:

Basic earnings per share ignores all potential common shares.

8 0
2 years ago
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