CIMA Exam CIMAPRO19-P02-1 Topic 6 Question 70 Discussion

Actual exam question for CIMA's CIMAPRO19-P02-1 exam

Question #: 70
Topic #: 6

[All CIMAPRO19-P02-1 Questions]

The starting point for developing a balanced scorecard for an organization should be:

Athe organization's vision and strategy

Bthe external market that the organization is operating in

Cbenchmarking the organization's current performance

Dthe organization's non-financial targets

Show Suggested Answer

Suggested Answer: D

by Freeman at May 24, 2023, 11:57 PM

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Stevie

1 months ago

I'm going with E) The organization's ability to make the best coffee in the breakroom. That's the real key performance indicator, trust me.

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Leslie

1 months ago

D sounds tempting, but let's be real, non-financial targets alone don't cut it. You need that overarching vision to tie everything together. A all the way!

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Hyman

7 days ago

B) the external market that the organization is operating in

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Kaitlyn

12 days ago

I agree, starting with the vision and strategy sets the direction for the balanced scorecard.

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Craig

18 days ago

A) the organization's vision and strategy

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Kina

1 months ago

Hah, I bet the exam writers are just trying to trick us. C seems too obvious, but it's the right answer. Gotta love those benchmark questions!

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Latrice

2 months ago

I'm going with B. Understanding the external market and competition is crucial for developing a meaningful scorecard, isn't it? Otherwise, how do you benchmark your performance?

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Nada

4 days ago

C) benchmarking the organization's current performance

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Kallie

12 days ago

C) benchmarking the organization's current performance

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Dalene

17 days ago

Yes, understanding the external market is key for a balanced scorecard.

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Mila

17 days ago

Yes, understanding the external market is key for a balanced scorecard.

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Joesph

27 days ago

B) the external market that the organization is operating in

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Yuki

1 months ago

A) the organization's vision and strategy

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Nina

1 months ago

B) the external market that the organization is operating in

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Franklyn

1 months ago

A) the organization's vision and strategy

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Galen

2 months ago

I think benchmarking the organization's current performance (Option C) is also crucial to understand where improvements are needed.

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Detra

2 months ago

Definitely A. The balanced scorecard is all about aligning the organization's activities to its vision and strategy. That's the foundation, everything else flows from there.

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