In one strategic approach to determining information requirements,managers select a small number of ________ that reflect firm success and profitability.
A)efficiency measures
B)output measures
C)strategic indicators
D)key performance indicators
E)financial indicators

Question

Quizplus · Accepted Answer

Key performance indicators (KPIs) reflect the key success factors for a business and are often a small set of metrics that are closely monitored. They are typically selected based on their ability to indicate progress towards achieving strategic objectives and to drive decision-making. While financial indicators (E) may be one subset of KPIs, they are not necessarily the only type of indicator used in this approach. Efficiency measures (A), output measures (B), and strategic indicators (C) may also be used as KPIs, but they are not as specific to firm success and profitability as KPIs are.

In One Strategic Approach to Determining Information Requirements,managers Select a Small