A System of Performance Measures, Including Nonfinancial Measures, Used to Assess

question 161

Multiple Choice

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.

---

Definitions:

Good Faith

Acting with honesty and without the intention to defraud or to seek an unfair advantage.

Without Alteration

A term referring to maintaining the original state or condition of something without any changes or modifications.

Lack of Consideration

A legal concept indicating the absence of a necessary element in a contract, where one party does not provide a promised payment or service in exchange for the other's offering.

Failure of Consideration

A situation where the promised performance or payment in a contract is not fulfilled, leading to potential contract invalidation.