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

question 48

Multiple Choice

A system of performance measures, including nonfinancial measures, used to assess company and division manager performance is:

• A) Hurdle rate.
• B) Residual income.
• C) Balanced scorecard.
• D) Return on investment.
• E) Investment turnover.

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Definitions:

Profit & Loss Statement

A financial statement that summarizes the revenues, costs, and expenses incurred during a specified period, typically a fiscal quarter or year.

Edit Pencil

This term likely refers to a tool or feature in software applications used for making amendments or corrections.

Enable Account Numbers

The process of assigning unique identifiers to accounts within an accounting system to facilitate organization and tracking.

Show Account Numbers

A functionality in software or systems that displays the numerical identifiers associated with specific accounts for easy reference.