Which of the following statements is most correct about the selection of performance measures?

Select one:

Increasingly ‘lead’ performance indicators can be ignored and ‘lag’ indicators are becoming most important.

In today's environment, firms are likely to have an appropriate mix of both financial and non-financial performance measures.

The only really important stakeholders are the owners of the firm and therefore financial performance measures will always be the most crucial.

In the modern environment, it is likely that non-financial performance measures will completely replace financial performance measures.