List and Briefly Discuss the Two Limitations of Financial Performance

question 13

Essay

List and briefly discuss the two limitations of financial performance measures.

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Definitions:

Consensus Cues

Signals or indications that members of a group or audience are in general agreement about a particular idea or opinion.

Contrast Effect

Describes the enhancement or diminishment of perception, judgment, or behavior as a result of exposure to a contrasting reference point.

Selection

The process of choosing the most suitable candidate for a specific job or organizational role based on criteria such as skills, experience, and fit.

Recruitment

The process of attracting, selecting, and appointing suitable candidates for jobs within an organization to fill job vacancies.