Which of the Following Is an Example of a Non-Financial

question 21

Multiple Choice

Which of the following is an example of a non-financial employee performance measure?

• A) All of these items are examples of a non-financial employee performance measure.
• B) Staff educational qualifications.
• C) Workers' compensation claims.
• D) Percentage of absenteeism.

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Definitions:

Setup Costs

The expenses incurred to prepare a machine, process, or system for manufacturing a new batch or product.

Variable Costs

Expenses that change in proportion to the level of business activity or production volume, such as materials and labor costs.

EMV

Stands for Expected Monetary Value, a concept in risk management used to calculate the average outcome when the future includes scenarios that may or may not happen.

Setup Costs

The expenses involved in configuring a production process or equipment before manufacturing a new batch or type of product.