Asked by
Karime Cetina
on Nov 17, 2024
Verified
Which of the following best describes a strategic performance measurement system?
A) A strategic performance measurement system defines and links strategic objectives to the stock price of a company.
B) A strategic performance measurement system defines and links strategic objectives to the performance metrics of a company.
C) A strategic performance measurement system defines and links strategic objectives to the standard cost system of a company.
D) A strategic performance measurement system defines and links strategic objectives to the bond rating of the company.
Strategic Objectives
Specific, measurable goals that an organization aims to achieve within a strategic plan to fulfill its mission and vision.
Performance Metrics
These are measurements used to evaluate the efficiency, performance, and success of an organization or individual.
Strategic Performance Measurement System
A framework that organizations use to measure, monitor, and manage performance against strategic goals, integrating financial and non-financial measures.
- Recognize the importance of aligning strategic objectives with performance metrics.
- Recognize strategic performance measurement systems and their applications.
Verified Answer
LA
Learning Objectives
- Recognize the importance of aligning strategic objectives with performance metrics.
- Recognize strategic performance measurement systems and their applications.