Waterfield Company is looking for a way to help its executive managers assess how the three divisions within the company are meeting the company's overall goals and objectives. The company is looking for a(n)

A) activity-based accounting system
B) product costing system
C) performance measurement system
D) standard cost system

Performance Measurement System

A tool used by businesses to evaluate and assess the effectiveness and efficiency of its operations or the performance of individuals within the organization.

Executive Managers

Individuals who are responsible for strategizing, decision-making, and overseeing the daily operations of a business or organization.

Activity-Based Accounting System

An accounting method that allocates costs to specific activities, providing detailed insights into how resources are consumed.