What Is Economic Value Added (EVA)? Why It Is So

question 97

Essay

What is economic value added (EVA)? Why it is so important in comparison to the traditional approach to controlling financial performance?

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Definitions:

Driving Force

A motivating or primary factor that propels someone or something forward.

Psychological Distress

A state of emotional suffering typically characterized by symptoms of depression and anxiety, which can affect an individual's daily functioning.

Reciprocal Determinism

A concept in psychology proposed by Albert Bandura that suggests individual behavior, environment, and cognition all influence each other.

Albert Bandura

A psychologist recognized for contributions to social learning theory and the notion of self-efficacy.