True or False

Performance measurement systems are used to assess how well a company is performing relative to the goals FASB sets for the company.

Performance measurement systems are used to assess how well a company is performing toward meeting its own goals and objectives.

One of the objectives of the four balanced scorecard performance perspectives is to help management focus on looking beyond typical financial measures of performance.

Operating income and cash flow are examples of metrics used to assess quality control. Strategic performance measurement systems define and link strategic objectives to the external financial reports of a company.