Which of the following statements is true? I. A company's balanced scorecard must emanate from its Performance measures. II. For management to be effective, it should focus on business processes, rather than functional departments, to serve the needs of its customers. III. The balanced scorecard framework rejects the notion that improving process-oriented measures automatically leads to financial success. Multiple Choice Only statement I is true. Only statement II is true. Both statements II and III are true. None of the statements are true