Asked by Potenza Building Mtrl on May 01, 2024
Verified
Which of the following is the best-known strategic performance measurement system?
A) product costing system
B) lean management system
C) standard cost system
D) balanced scorecard
Strategic Performance Measurement System
A framework that integrates financial and non-financial performance indicators to assess an organization's effectiveness in achieving its strategic objectives.
Balanced Scorecard
A management and planning system designed to align a company's operations with its vision and strategic objectives, enhance communication both internally and externally, and track the performance of the organization in relation to its strategic targets.
Lean Management System
An approach focused on reducing waste and improving process efficiency to deliver value to customers.
- Identify the strategic performance measurement systems and their utilization.
Verified Answer
Learning Objectives
- Identify the strategic performance measurement systems and their utilization.
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