What is the most common strategic-based performance management system?
A)variance analysis with standard costs as benchmarks
B)the balanced scorecard
C)financial budgets
D)strategic responsibility system

Question

Quizplus · Accepted Answer

The balanced scorecard is the most common strategic-based performance management system. It measures performance based on financial and non-financial factors related to an organization's strategic goals and objectives. Variance analysis with standard costs as benchmarks and financial budgets are more traditional performance management systems that focus solely on financial metrics. The strategic responsibility system is a management approach that relates to decision-making and accountability, but not specifically performance management.

What Is the Most Common Strategic-Based Performance Management System