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Management · Q62

Management Accounting

Graduate and Post Graduate · Management · question 62

Q62

Reduction in setup time, manufacturing cycle efficiency and average time of manufacturing for key products are examples of

A.
measures of growth and learning
B.
measures of internal business processes
Answer
C.
customer measures
D.
financial measures

Answer: Option B

Solution

Answer: Option B
Solution:
Reduction in setup time, manufacturing cycle efficiency and average time of manufacturing for key products are examples of measures of internal business processes. In other words, internal processes create and deliver the value proposition for customers. Thus objectives in your strategy map's internal process perspective must describe how you intend to accomplish your organization's strategy.