Financial and Nonfinancial Indicators Are Used to Assess Organizational Performance

question 56

Multiple Choice

Financial and nonfinancial indicators are used to assess organizational performance and effectiveness under which of the following approaches?

• A) Balanced budget
• B) Balanced scorecard
• C) Variance analysis
• D) Proforma financial statement

---

Definitions:

Ignorance

The state of being unaware, uninformed, or lacking knowledge about something.

Customer Profile

Detailed information and characteristics about a business's target consumers to better understand and serve them.

Purchasing Policies

Guidelines and procedures set by a company or organization governing how goods and services are acquired.

SMART

A technique to set the sales call objectives by making sure the objectives are specific, measurable, achievable, realistic, and timed.