Which of the Following Statements Regarding Strategic Objectives in the Balanced

question 18

Multiple Choice

Which of the following statements regarding strategic objectives in the balanced scorecard is false?

• A)Strategic objectives define the purpose of an action taken within a company.
• B)Strategic objectives are the same as the overall mission statement of the company.
• C)Each strategic objective is a subcomponent of the company's mission statement.
• D)Each of the four performance perspectives in the balanced scorecard should be linked to at least one strategic objective.

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Definitions:

Conservation

The sustainable management and use of natural resources to prevent depletion or degradation, safeguarding biodiversity and ecosystems.

Scarcer

Describes a condition where resources, goods, or services become less available or in shorter supply than previously.

Price Rises

A situation where the cost of goods or services increases over time due to factors like inflation, increased demand, or higher production costs.

Future Supply

Future supply refers to the quantity of a good or service that will be available in the market at future dates, based on current expectations of production and market conditions.