Which of the following statements best summarises the relationship between financial and strategic objectives? Select one: Financial objectives relate to performance indicators whereas strategic ones relate to those factors which produce that performance Financial objectives relate to monetary objectives while strategic ones are non-monetary measures of success Financial objectives aim to ensure satisfactory short-term financial performance while strategic objectives aim to secure long-term survival and prosperity Financial objectives are short-term while strategic ones are long-term
Which of the following statements best summarises the relationship between financial and strategic objectives? Select one: Financial objectives relate to performance indicators whereas strategic ones relate to those factors which produce that performance Financial objectives relate to monetary objectives while strategic ones are non-monetary measures of success Financial objectives aim to ensure satisfactory short-term financial performance while strategic objectives aim to secure long-term survival and prosperity Financial objectives are short-term while strategic ones are long-term
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter14: The Balanced Scorecard And Corporate Social Responsibility
Section: Chapter Questions
Problem 3CMA: Which of the following statements best describes the performance elements found on most balanced...
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Which of the following statements best summarises the relationship between financial and strategic objectives?
Select one:
Financial objectives relate to performance indicators whereas strategic ones relate to those factors which produce that performance
Financial objectives relate to monetary objectives while strategic ones are non-monetary measures of success
Financial objectives aim to ensure satisfactory short-term financial performance while strategic objectives aim to secure long-term survival and prosperity
Financial objectives are short-term while strategic ones are long-term
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