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Siona Vartanian
on Oct 15, 2024

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A system of performance measures,including nonfinancial measures,used to assess company and division manager performance is:

A) Hurdle rate.
B) Return on investment.
C) Balanced scorecard.
D) Residual income.
E) Investment turnover.

Balanced Scorecard

A strategic planning and management system used to align business activities to the vision and strategy of the organization, improve internal and external communications, and monitor organizational performance against strategic goals.

Performance Measures

Key indicators used to evaluate the efficiency, effectiveness, and performance of an organization or individual.

Nonfinancial Measures

Performance indicators that are not expressed in monetary units but are qualitative or quantitative measures of a company's performance, such as customer satisfaction.

  • Evaluate performance through the application of the balanced scorecard method.
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BZ
Brenda ZaragozaOct 22, 2024
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