ExpertMedium2 marksMultiple Choice
ACCA · Question 14 · Performance Measurement and Control
Section A
ConsultPro, a management consultancy firm, uses Fitzgerald and Moon's Building Block model to measure performance.
Under this model, which of the following falls under the 'Dimensions' block?
Section A
ConsultPro, a management consultancy firm, uses Fitzgerald and Moon's Building Block model to measure performance.
Under this model, which of the following falls under the 'Dimensions' block?
Answer options:
A.
Equity
B.
Competitiveness
C.
Motivation
D.
Achievability
How to approach this question
Recall the three blocks of Fitzgerald and Moon: Dimensions (what we measure), Standards (how we set targets), and Rewards (how we incentivize).
Full Answer
B.Competitiveness✓ Correct
Fitzgerald and Moon's Building Block model has three parts: Dimensions, Standards, and Rewards. Dimensions are the areas of performance measured: Financial performance, Competitiveness, Quality, Flexibility, Resource utilization, and Innovation. Equity and Achievability belong to Standards. Motivation belongs to Rewards.
Common mistakes
Mixing up the components of Dimensions, Standards, and Rewards.
Practice the full ACCA PM — Performance Management Practice Exam 5
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