Communicating strategy through measurements requires both scope and flexibility. Which of the following statements is true?
A)Flexibility requires subjective and objective measurement as well as nonfinancial measures.
B)Flexibility requires that measures be optimal and dynamic.
C)Scope implies that internal and external measures are needed.
D)Both a and c are true.

Question

Quizplus · Accepted Answer

Flexibility in measurement requires both subjective and objective measures as well as nonfinancial measures to allow for adaptability in the strategy. Scope implies that both internal and external measures are necessary to accurately assess the success of the strategy. Therefore, both statements a and c are true. Choice B is incorrect as it does not accurately reflect the concept of flexibility in measurement.

Communicating Strategy Through Measurements Requires Both Scope and Flexibility