Question 3 6 pts Three Multiple Choice Questions MC1 translates an organization's mission and strategy into a comprehensive set of performance measures that provides the framework for implementing its strategy. 1. Corporate vision 2. Product differentiation 3. Cost leadership 4. The balanced Scorecard MC2 Which of the following is a feature of a good balanced Scorecard? 1. It tells the story of a company's strategy by articulating costs along the value chain. 2. It helps to communicate the strategy to all members of the organization by translating the strategy into a coherent and linked set of understandable and measurable operational targets. 3.The scorecard measures match those of other companies. 4.It provides cause-and-effect linkages that are precise. MC3 An organization that is using the product differentiation approach would 1. focus on tight cost control. 2. carefully cultivate its brands. 3. provide products that are similar to competitors. 4. invest more in productivity enhancements than R&D