COST ACCOUNTING
BALANCED SCORECARDS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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All the measurements that you carry out in your organization meet the requirement of being strategic, with which they constitute key performance indicators.
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True
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False
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Explanation:
Detailed explanation-1: -Key Strategic Indicators are the quantification of your company’s condition compared with the key elements of your Strategic Objective. Any system has indicators that tell you how well or how. poorly parts of the system are working, and key indicators. that focus on the most critical elements of the system.
Detailed explanation-2: -KPIs (or Key Performance Indicators) are used to measure strategic objectives, that is, monitoring where an organisation is now in relation to where it wants to be in the future. KPIs can also be used to measure operational objectives, that is, monitoring the internal operational delivery on a daily basis.
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