Qualitative Non-Financial Performance Measures

question 156

Multiple Choice

Qualitative non-financial performance measures

• A)are usually the most well-received by managers.
• B)often reflect long-term organizational goals better than financial performance measures.
• C)can only be developed in the production area of an organization.
• D)is limited by the number of critical success factors defined by the organization.

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Definitions:

Interest

The charge for borrowing money or the return on deposited funds, typically expressed as a percentage rate over a period of time.

Simple Annual Interest Rate

The percentage of the principal amount that will be charged or earned as interest, calculated once per year without compounding.

Investment

The allocation of resources, such as capital, with the expectation of generating an income or profit.

Days

The measurement of time, specifically the period of time that constitutes a 24-hour day.