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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Learning Objectives
- Become aware of the crucial role non-financial metrics play in business appraisal.
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