Which of the following statements about performance metrics is false?

A) Performance metrics are used to assess performance in achieving the strategic objectives.
B) Performance metrics are needed for 80% of the strategic objectives.
C) Each strategic objective needs at least one performance metric.
D) Performance metrics may be financial or nonfinancial in nature.

Performance Metrics

Quantitative and qualitative measures used to assess how well a company, project, or individual is performing against predetermined goals or standards.

Strategic Objectives

Long-term goals that a business seeks to achieve, guiding its operational planning and decision-making.

Financial Perspective

An angle of strategic management that focuses on how well an organization is performing financially.