Which of the following statements is most correct about the selection of performance measures?
A) The key stakeholders are the owners of the firm and therefore financial performance measures will always be the most crucial.
B) In today's environment,firms are likely to have an appropriate mix of both financial and non-financial performance measures.
C) In the contemporary manufacturing environment,it is likely that non-financial performance measures will replace financial performance measures.
D) Because of the focus on critical success factors,it is likely that non-financial performance measures will replace financial performance measures.

Question

Quizplus · Accepted Answer

In today's environment, firms are recognizing the importance of non-financial performance measures in addition to financial measures. This is because non-financial measures provide a more comprehensive view of how an organization is performing and can capture aspects such as customer satisfaction, employee engagement, and innovation which cannot be entirely reflected in financial measures alone. Therefore, it is likely that firms will have an appropriate mix of both financial and non-financial performance measures.

Which of the Following Statements Is Most Correct About the Selection