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

question 39

Multiple Choice

Financial and non-financial indicators are used to assess organisational performance and effectiveness under which of the following approaches?

• A) Balanced scorecard
• B) Variance analysis
• C) Balanced budget
• D) Proforma financial statement

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Definitions:

Force-Coercion Strategy

A method of change management where power, authority, or threats are used to achieve compliance or enforce change.

Unilateral Action

An action or decision made by one party or nation without the agreement or cooperation of others.

Shared Power Strategy

An approach in decision-making or governance where power and responsibilities are distributed among various stakeholders or groups, rather than centralized.

Reward Power

The authority or influence one possesses due to their ability to give rewards to others for compliance or desirable behaviors.