Financial and non-financial indicators are used to assess organisational performance and effectiveness under which of the following approaches?
A) Balanced budget
B) Balanced scorecard
C) Variance analysis
D) Proforma financial statement

Question

Quizplus · Accepted Answer

Financial and non-financial indicators are primarily used in the balanced scorecard approach to assess organisational performance and effectiveness. The balanced budget approach is focused solely on financial indicators, while variance analysis and proforma financial statements are purely financial tools used for budgeting and forecasting.

Financial and Non-Financial Indicators Are Used to Assess Organisational Performance