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The primary aim of the balanced scorecard is to


A) Put less emphasis on financial measures because they are too narrowly focused
B) Use performance indicators that are highly objective
C) Translate elements of a company's strategic plan into measurable performance indicators
D) Provide a truthful basis for evaluating managers' performance

E) B) and D)
F) B) and C)

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The first step in implementing a balanced scorecard is to clarify organisational vision, core competencies, and strategies. The vision


A) Provides an overall direction for the organisation
B) Is another name for the organisation's strengths and weaknesses
C) Provides an explicit plan for daily operations
D) Should explicitly incorporate all core competencies

E) A) and B)
F) A) and C)

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Which of the following statements is true? Which of the following statements is true?   A)  I and II only B)  II and III only C)  I and III only D)  I, II, and III


A) I and II only
B) II and III only
C) I and III only
D) I, II, and III

E) B) and D)
F) A) and B)

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