why is it important for management to use a balanced scorecard?

Answers

Answer 1

The management of a firm uses the balanced scorecard for a lot of reasons.  Management  is advised to use a Balanced Scorecard as it helps to;

Develop organizational performance by measuring what is essential. It boast focus on strategy and results. It help to merge organization strategy with workers on a day-to-day basis. It is based on the drivers key to future performance.

A balanced scorecard is simply known to be a type of  strategic management performance metric that helps firms to known and improve their internal operations.

It also point out the design of performance reports and dashboards by making sure that management reporting is based on the most vital strategic issues.

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Related Questions

What are the 3 Levels of Management?:​

Answers

Explanation:

Administrative, Managerial, or Top Level of Management.

Apprenticeships are a form of job training in which a sponsor, such as an employer, pays
a trainee to learn and work in a particular occupation. Some jobs in the military include
apprenticeship training, but others involve different types of hands-on learning.

True or False

Answers

Answer:

Oh man, I pooped my pants again

Right in front of my family and my friends

It's not that I have a problem with controlling

It's just that we were here in this alley bowling

True


Explanation : An apprenticeship program trains you to become skilled in a trade or profession. Apprenticeship training typically combines classroom learning with hands-on work. Community colleges, technical training schools, and even employers provide these job-related educational courses.

assessing the effectiveness of an advertising campaign while it is running by monitoring key indicators is referred to as

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Tracking refers to use of key indicators to monitor and assess the effectiveness of the advertising campaign while it is running.

The tracking of the advertising campaign is also called ad tracking, post-testing or ad-effectiveness tracking.

The advert tracking forms part of in-market research.

The advert tracking refers to monitors the brand's performance, advertising awareness and attitudes about the brand versus their competition.

In conclusion, the key indicators is referred to as advert tracking.

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a manufacturer conducts marketing research and estimates that consumers will accept a price of $50 for a pair of sunglasses. if the manufacturer expects to offer trade discounts of 40/10 to retailers and wholesalers, what price will the manufacturer receive for the sunglasses?

Answers

Answer:

72983

Explan my not telling

chevron placed an ad with copy reading protecting the planet is everyones job we agree that encouraged consumers to use renewable energy which type of advertising was chevroon using

Answers

The type of advertising used by Chevroon that encouraged consumers to use renewable energy was Call-to-action marketing, which refers to using  phrases that create a sense of urgency and drive consumers to action.

The Call-to-action (CTA) marketing strategy can be understood as a direction to action, that is, the organization will encourage the consumer to act in a certain way according to its advertising.

Some examples of CTA can be through the use of some jargon such as:

Read more.Buy now.Protect the planet.

Therefore, this is a strategy that an organization uses to convert sales, attract and retain consumers, through incentives for the consumer to perform an action.

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will give brainliest 5

Answers

Answer:

ok

weeeeeeee weeeeeee lugi

Answer:

1,2,3,4,5 hope this helps :)

Explanation:

The short-run aggregate supply curve has a(n) ________ slope because as prices of ________ rise, prices of ________ rise more slowly.

Answers

According to macroeconomic principle, the short-run aggregate supply curve has a Positive slope because as prices of final goods and services rise, prices of inputs rise more slowly.

This is based on the idea that the short-run aggregate supply curve shifts by changes in price level and production.

Thus, the Short-run aggregate supply curve is represented as Y = Y* + α(P-Pe).

Here, Y => the production of the economy;

Y* => the natural level of production, and the coefficient is positive;

P => the price level;

Pe => the expected price level.

Hence, in this case, it is concluded that the short-run aggregate supply curve is a significant detail to be noted in the economic analysis of business production.

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A company has multiple CAs and intermediate CAs issuing digital certificates in different departments, with no one cross-checking their work. Which PKI trust model should the company use

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According to the PKI trust implementation model, a company with multiple CAs and intermediate CAs issuing digital certificates in different departments, with no one cross-checking their work, will need to use Hierarchical Trust Model.

This is because the Hierarchical Trust Model allows a root CA at the top, giving the information and the intermediate CAs.

The intermediate CAs in the hierarchical trust model generally trust the information given by the root.

Thus, without cross-checking their work, the company can afford to use the hierarchical trust model because it is true proof.

Hence, in this case, it is concluded that the correct answer is the Hierarchical Trust Model.

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Which factor of production is a wrench:
a.Human capital
b.land
c.labor
d. Physical capital

Answers

Answer:

C?

Explanation:

Answer:

I think C.

Explanation:I think C because of the labor.

Which descriptions offer examples of Planning workers? Check all that apply.

Isabel travels to foreign countries to build relationships with political officials.
Mai creates recommendations for how to use land, buildings, and structures.
Lamar writes and analyzes laws.
Francisco creates reports to help a community decide which land to make into parks.
Matthew interviews members of the community to find out which public buildings and parks they use most often.
Ruth analyzes property to determine how much money it is worth.

Answers

The descriptions that offer examples of Planning workers are as follows:

B. Mai creates recommendations for how to use land, buildings, and structures.

D. Francisco creates reports to help a community decide which land to make into parks.

E. Matthew interviews members of the community to find out which public buildings and parks they use most often.

Most of the workers involved in city Planning include Architects, Civil Engineers, Economists, Geographers, Landscape Architects, Market Research Analysts, and Political Scientists.

Thus, Mai, Francisco, and Matthew are examples of Planning professionals or workers.

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Answer:

B, D, E

Explanation:

Sorry it's not as fancy as the other one but I just got it right on edge 2022

when preparing your taxes, what can possibly help reduce the amount of taxes that you owe?

Answers

Answer:

By Opening a saving account

When preparing your taxes a tax credit can help you to reduce the amount of taxes that you owe.

A tax credit can be referred to as an item that is used directly to reduce what someone has to pay as taxes in a year. The tax credit helps by decreasing a person's tax liability.

The tax credit could be automatically gotten or it could be claimed. Tax deductions can also be used to reduce the amount that a person earns just before they calculate their taxes.

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what steps are involved in the strategy formulation process?

Answers

Answer: Aspects of Strategy Formulation.

Define the organization and its environment.

Define the strategic mission.

Define and set the strategic objectives.

Define the competitive strategy.

Implementation of strategies.

Evaluate progress and effectiveness.

Explanation:

Which result is most likely if candy, cola, and other concentrated sweets are permitted in large quantities during the growing years

Answers

Answer:

obesity

Explanation:

which best describes how raytheon creates value for its customers?

Answers

Raytheon was known to create a customized solutions by connecting with customers directly and understanding their unique needs. The best description of how Raytheon creates value for its customers is that Raytheon offers bespoke solutions for their needs

Value creation for customers entails giving them good and essential products and services that the customers will find worthy of their time, energy and money.

A customers find value in .product or service that benefits their need rather than its cost.

To add value to customers, one must:

Offer discounts.

.Gratitude and gifts for cooperation.

Free trials etc.

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the difference between total revenue and total expenses when total revenue is greater.

Answers

Answer:

Net loss

Explanation:

A net income occurs when a firm's total revenues (sales) exceed their total costs.

Conversely, a net loss occurs when a firm's total revenues exceed their total costs.

Therefore, the correct answer is net loss.

The difference between total revenue and total expenses when total revenue is greater is referred to as profit or net income. It indicates the financial gain or surplus generated by a business or individual.



To calculate profit, you subtract total expenses from total revenue. If total revenue is greater, then the result will be positive, indicating a profit. Here's a step-by-step breakdown:

1. Total revenue: This refers to the total amount of money earned from sales, services, or any other sources of income. For example, let's say a business has total revenue of $10,000.

2. Total expenses: These are the costs incurred in running the business, including operating expenses, salaries, rent, utilities, and taxes. Let's assume the total expenses for the business amount to $7,000.

3. Profit calculation: To find the difference between total revenue and total expenses, subtract the total expenses from the total revenue. In this case, it would be $10,000 - $7,000 = $3,000.



4. Interpretation: If the result is positive, as in this example, it means the business has made a profit of $3,000. This indicates that the total revenue exceeded the total expenses, resulting in a financial gain.

In summary, the difference between total revenue and total expenses when total revenue is greater is the profit or net income. It is calculated by subtracting total expenses from total revenue and represents the financial surplus generated by a business or individual.

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Tyson is researching the benefits of solar energy. Which is the most credible source on his list? a blog about whether solar energy is more effective than other forms of energy a university’s website that provides information about a recent solar energy study a company’s website that sells solar energy panels to the general public a blog that provides information about ways solar panels can help people cut energy costs.

Answers

The most credible source on Tyson's list of his research into the benefits of solar energy is a university website that provides information on a recent study of solar energy.

When conducting a research, it is essential to research reliable sources, as there is a lot of information available on the internet that is often not complete or true.

A recent study of solar energy available on a university website is therefore the most trusted source on Tyson's list, as academic studies are based on scientific methods to substantiate a topic.

Therefore, through the scientific methodology there is the reliability of the study having been carried out through rigorous procedures, research and evidence to support what is being proposed by the theme.

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B: a university's website that provides information about a recent solar energy study

Ace Electronics bought a new cash register for $2,500. Ace originally planned to use the cash register for 4 years and then sell it for $200. After 4 years, Ace had recorded $2,300 of depreciation. If Ace continues to use the cash register, still planning to sell it eventually for $200, then Ace should record ______.\

Answers

If he continues to use the cash register and plans to sell it eventually for $200, then Ace should record nothing because their is no additional depreciation

Here, the formula to derive total value to be depreciated is Cost - Scrap Value.

Total Value to be depreciated = $2500 - $200

Total Value to be depreciated = $2,300

Therefore, the amount of $2,300 is fully depreciated.

So, the remaining $200 is the scrap value which will be realized from the sale

Hence, there will be no need to charge any further depreciation.

Therefore, If he continues to use the cash register and plans to sell it eventually for $200, then Ace should record nothing because their is no additional depreciation.

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Emilio and Dylan are studying the strengths and weaknesses of their construction business, Construction Concepts, as well as researching the opportunities and threats in the external environment. They are conducting a Multiple Choice SWOT analysis. synergy plan. contingency plan. forecast.

Answers

Based on the study which Emilio and Dylan are doing where they study the strengths and weaknesses of their construction business, they are conducting:

A. SWOT analysis

According to the given question, we are asked to state the name of the study which Emilio and Dylan are doing where they study the strengths and weaknesses of their construction business, they are conducting.

As a result of this, we can see that Emilio and Dylan are actually conducting a SWOT analysis because they are making research to find out the feasibility of the business they want to engage in.

Therefore, the correct answer is option A

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When a customer exits the queue, there are two possible outcomes. One is a chance that the customer may return to the source population to be served again. What is the other

Answers

Answer:

there is a low chance of reservice

Explanation:

If labor is the only variable input and it costs $15 per hour and if the marginal product of labor is 3 units per hour, the short-run marginal cost of 1 unit of output is approximately $0.20 Answer A: $0.20 A $3.00 Answer B: $3.00 B $5.00 Answer C: $5.00 C $15.00 Answer D: $15.00 D $45.00

Answers

Based on the information given  the short-run marginal cost of 1 unit of output is approximately $5.00.

Using this formula

Marginal cost=Change in cost/Change in quantity

Where:

Change in cost=$15 per hour

Change in quantity=3 units per hour

Let plug in the formula

Marginal cost=$15/3

Marginal cost=$5.00

Inconclusion  the short-run marginal cost of 1 unit of output is approximately $5.00.

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A successful __________ innovation will be less risky but less profitable than a successful __________ innovation.

Answers

incremental, radical

some warehouse retail chains serve as both retailers who sell to consumers and ______ who sell to other businesses.

Answers

Warehouse retail chains sometimes serve as both retailers and wholesalers

who sell to other businesses.

Wholesaler belongs to the chain of distribution which collects the goods

from the producer. It acts as the intermediary between the producer and

retailers. The wholesalers usually buy in bulk/large quantities and distribute

to the retailers.

The retailers collect the goods from the wholesalers and sell to the

consumers and acts as the intermediary between the wholesaler and

consumers.

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Describe the fruit storage process? OBTE​

Answers

[tex] \: \: \: \: \: \: [/tex]

cold storage, using refrigerated air. Other techniques include controlled-atmosphere (CA) storage and hypobaric storage.

hope it helps

[tex] \: \: \: \: \: \: [/tex]

Which educational institution trains students for a specific job in a skilled trade career?

a
College

b
Internship

c
Technical school

d
University

Answers

Answer:

b

Explanation:

The educational institution trains students for a specific job in a skilled trade career?

The correct answer is Option B. Internship

What is an internship?

An internship is a professional learning experience that provides meaningful and hands-on work related to a student's interests in a field of study or career. Internships give students the opportunity to explore and develop professionally and learn new skills.

An internship is a short-term work experience provided by people (usually, but not always, students) for a company or other organization to enter a particular industry or discipline. It's both a work and a learning experience.

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True or false: A balance-of-trade equilibrium exists when the income residents earn from exports exceed the money residents pay to other countries for imports.

Answers

Answer:

false

Explanation:

A sales associate relies on a(n) ________ to confirm any special packaging and promotions related to a purchase.

Answers

Based on marketing strategies, a sales associate relies on a(n) UPC tag to confirm any special packaging and promotions related to a purchase.

A UPC tag is a Universal Product Code tag that specifies the item's producer, a description of the item, information about special packaging, and special promotions.

A Universal Product Code is often referred to as a bar code. And it usually comes in 12 or 13 digits.

UPC tag is generally used for tracking trade items in the market.

Hence, in this case, it is concluded that the correct answer is UPC Tag.

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On January 1, 2022, Discipline Company, a calendar-year company, issued $800,000 of notes payable, of which $200,000 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2022, is

Answers

The proper balance sheet presentation on December 31, 2022, is: Current liabilities, $200,000; Long-term Debt, $600,000.

Based on the information the proper balance sheet presentation on December 31, 2022, will be current liabilities of the amount of $200,000 which is the amount  due on January 1 .

While the Long-term Debt will be$600,000 calculated as:

Long-term Debt=Notes payable- Due amount

Long-term Debt=$800,000-$200,000

Long-term Debt=$600,000

Inconclusion the proper balance sheet presentation on December 31, 2022, is: Current liabilities, $200,000; Long-term Debt, $600,000.

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If the seller (located in Cincinnati) is responsible for all costs of a shipment from Cincinnati to Houston, the shipment will be labeled:

Answers

If the seller (located in Cincinnati) is responsible for all costs of a shipment from Cincinnati to Houston, the shipment will be labeled: FOB Houston.

FOB which full meaning is freight on board means that the seller has shipped the goods to the buyer.

Hence, the seller is no longer in the possession of the goods but the buyer because the transfer of ownership has taken place from the seller to the buyer.

In this case the buyer is responsible for any costs or  damages that occur during shipping because the goods are now in the control of the buyer.

Based on the information given since  the seller (located in Cincinnati) is responsible for all costs of a shipment from Cincinnati to Houston, the shipment will be labeled FOB Houston as the buyer is located in Houston.

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clarisse wants to pick up her new air fryer at target. the air fryer had been out of stock, but customer service assured clarisse that she could pick it up on tuesday after 1 pm. what do target employees use to ensure the air fryer will be in stock at the store and ready for pick up?

Answers

Mobile Task Manager (MTM) is simply known to be well customize application or software. Target employees will make use of mobile task management technology to ensure the airfryer will be in stock at the store and ready for pick up.

The Mobile Task Manager is known to assist or helps engineers and property team members to manage service request and also work order and preventative maintenance tasks on the fly or easy way.

It is said to have new features to improve functionality and its use.

A project management software also as a mobile app helps one to view one's software from your mobile device from anywhere at any time.

The full question is below

Clarisse wants to pick up her new air fryer at target. the air fryer had been out of stock, but customer service assured clarisse that she could pick it up on tuesday after 1 pm. what do target employees use to ensure the air fryer will be in stock at the store and ready for pick up. What do Target employees use to ensure the airfryer will be in stock at the store and ready for pick up?

O product development software

O mobile task management technology O advanced shipping notices fulfillment centers

O routing systems

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An example of a trade off is:
a.going to a movie to see your favorite actor
b.going to a movie because it got good reviews
c.giving up going to a movie because it got bad reviews
d.giving up going to a move to spend time shopping

Answers

giving up going to move to spend time shopping..

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