Asked by Samantha Porras on Mar 10, 2024
Verified
Which of the following statements is/are false?
i. Non-financial measures are only applicable when profit is not a principle goal of the firm.
ii. It is often difficult to take any action because of non-financial measures.
iii. At the operational level, it is often easier to relate to non-financial measures.
A) ii and iii
B) i and iii
C) i and ii
D) All of the given answers
Non-financial Measures
Performance indicators not expressed in monetary units but qualitatively, such as customer satisfaction or employee engagement.
Operational Level
Pertains to day-to-day activities and decisions within an organization that ensure tasks and operations are performed efficiently.
Profit Principle
The concept that business operations should aim to maximize earnings over costs.
- Understand the concept and application of non-financial measures in evaluating firm performance.
Verified Answer
Learning Objectives
- Understand the concept and application of non-financial measures in evaluating firm performance.
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