What term best describes the use of both financial and non-financial measures in assessing whether an entity has achieved its objectives?

A Balanced scorecard
B Benchmarking
C Performance measurement
D Target setting

Correct Answer: Performance measurement

Performance measurement best describes the use of both financial and non-financial measures in assessing whether an entity has achieved its objectives. Performance measurement is generally defined as regular measurement of outcomes and results, which generates reliable data on the effectiveness and efficiency of programs. Resources (human resources, employee time, funding) used to conduct activities and provide services.
Bissoy MCQ
#Management #Strategic Management

Related Questions

Which type of entity has its relationship to another entity determined by an attribute in that other entity called a discriminator?
A Supertype entity
B Subtype entity
C Archetype entity
D Instance entity
Which type of entity cannot exist in the database unless another type of entity also exists in the database, but does not require that the identifier of that other entity be included as part of its own identifier?
A Weak entity
B Strong entity
C ID-dependent entity
D ID- independent entity
Which of the following refers to an entity in which the identifier of one entity includes the identifier of another entity?
A Weak entity
B Strong entity
C ID-dependent entity
D ID-independent entity
An ID-dependent entity is an entity whose identifier is a composite identifier where no portion of the composite identifier is an identifier of another entity.
A True
B False
A strong entity is an entity whose existence depends on some other entity type.
A True
B False
What are the means by which long term objectives will be achieved?
A Strategies
B Policies
C Strength
D Opportunities
The means by which long term objectives will be achieved are
A mission statements
B strategies
C vision statements
D long term goals
Type of accounting which measures, reports and analysis non-financial and financial information to help in decision making is called
A financial accounting
B management accounting
C cost accounting
D decision accounting
A _____ decision making involves the establishment objectives for an organization and long-range plans for attaining these objectives.
A prompt
B relevant
C tactical
D strategic
E None of the above
The Objectives Resolution which laid down the main objectives to guide the deliberations of the Assembly was moved by
A Sardar Patel
B Jawaharlal Nehru
C K.M. Munshi
D B.R. Ambedkar

Next steps