An Example of a Nonfinancial Measure Is the Number of Customer

question 160

True/False

An example of a nonfinancial measure is the number of customer complaints.

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Definitions:

Division Of Labor

Breaking down the production of a good into separate tasks

Smaller Tasks

Refers to actionable items or objectives that are components of a larger project or goal.

Specialization Of Labor

The division of labor where different workers or groups of workers engage in specific tasks, often leading to increased productivity.

Productivity

The ratio of a specific measure of output, such as real GDP, to a specific measure of input, such as labor; in this case, productivity measures real GDP per hour of labor.