Asked by Sophia Colosimo on May 14, 2024

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Nonfinancial measures are often linked to the inputs or outputs of an activity or process.

Nonfinancial Measures

Metrics used to assess performance and operations that do not involve monetary transactions, such as customer satisfaction or employee turnover rates.

Inputs

Resources used in the production process, including raw materials, labor, and overhead costs.

Outputs

Outputs are the goods or services produced by a company or an economic system as a result of its inputs and processes.

  • Become aware of the crucial role non-financial metrics play in business appraisal.
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RR
Robert RodriguezMay 19, 2024
Final Answer :
True
Explanation :
Nonfinancial measures can include things like the number of units produced, customer satisfaction ratings, employee satisfaction or engagement levels, defect rates, or turnaround times. All of these measures are linked to the inputs or outputs of specific activities or processes.