Asked by Dustin Politte on Jul 08, 2024
Verified
Which of the following best describes a balanced scorecard?
A) a combination of performance measures directed toward the company's long- and short-term goals and used as the basis for awarding incentive pay
B) a performance review process where the organization collects feedback from customers, managers, and subordinates; assigns ratings; and lists them on the company's performance card
C) an arrangement in which the organization distributes shares of stock to all its employees by placing the stock into a trust
D) a type of incentive pay in which payments are a percentage of the organization's profits and do not become part of the employees' base salary
E) a system designed to measure the performance of HR personnel based on the quality of recruitment
Balanced Scorecard
An approach to strategic planning and management designed to ensure that an organization's activities are in harmony with its vision and strategy, to improve communication within and outside the organization, and to oversee the performance of the organization against its strategic targets.
Incentive Pay
Additional compensation awarded to employees for achieving specific targets or exceptional performance.
Performance Measures
Indicators or metrics used to evaluate the efficiency, effectiveness, and quality of an organization's operations or the productivity of its employees.
- Learn about the framework and repercussions of applying the balanced scorecard strategy in rewards for achievement.
Verified Answer
Learning Objectives
- Learn about the framework and repercussions of applying the balanced scorecard strategy in rewards for achievement.
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