COST ACCOUNTING
BALANCED SCORECARDS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is NOT a use for performance indicators?
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Diagnose where we are
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Communicate to align organizational behaviors
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Indicate the balance of the organization
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Set the direction of the organization
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Explanation:
Detailed explanation-1: -The SMART model for goal setting is a great model to help us define KPI’s that are: Specific, Measureable, Achieveable, Relevant and Timely.
Detailed explanation-2: -One of the most useful indicators of organizational effectiveness is how well an organization meets its goals. Measuring organizational performance can be accomplished by: Comparing actual achievements against set goals. Comparing the projected aims, such as profit and innovation, against actual results.
Detailed explanation-3: -Learning and Growth are not a performance measure aspect of the Balanced Scorecard Incentive Concept.
There is 1 question to complete.