To make effective trade-offs among the attributes of performance measures, organizations often use:
A)A combination of performance measures.
B)Only financial performance measures.
C)Avoid using more than one measure.
D)Select a single performance measure that possesses of the characteristics of an effective performance measure.
E)None of the above.

Question

Quizplus · Accepted Answer

Using a combination of performance measures allows organizations to balance different attributes and achieve a comprehensive view of performance. This approach can help avoid the pitfalls of relying solely on financial performance measures or selecting a single measure with limited scope. By combining measures that reflect financial, customer, internal process, and learning and growth aspects, organizations can make informed trade-offs that support their strategic objectives.

To Make Effective Trade-Offs Among the Attributes of Performance Measures