Non-Financial Performance Measures

question 97

Multiple Choice

Non-financial performance measures

• A)vary from industry to industry.
• B)include variable cost but not fixed cost variances.
• C)include both variable and fixed cost variances.
• D)are used for performance evaluation, but not for planning and control.
• E)deal with personnel matters.

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Definitions:

Administration Routine

Standard procedures and tasks carried out in the management and organization of businesses, institutions, or government bodies.

Placebo Effect

The phenomenon where patients experience a real improvement in their condition after being given a treatment that has no therapeutic effect, often due to their belief in the treatment's efficacy.

Overdose

The ingestion or absorption of a substance in quantities greater than are recommended or generally practiced, leading to a toxic state or death.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, elicits a conditioned response in classical conditioning.