Financial and Nonfinancial Indicators Are Used to Assess Organizational Performance

question 98

Multiple Choice

Financial and nonfinancial indicators are used to assess organizational performance and effectiveness under which of the following approaches?

• A)Balanced budget
• B)Balanced scorecard
• C)Variance analysis
• D)Performance financial statement

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Definitions:

Public Good

A product or service that is available for all to consume, regardless of who pays and who doesn't, characterized by non-excludability and non-rivalry.

Free-ride

The act of benefiting from resources, goods, or services without paying for the cost of the benefit.

Rival

In economics, a good or service is considered rival if its consumption by one individual prevents simultaneous consumption by other individuals.

Excludable

Refers to a property of a good or service where it's possible to prevent people who have not paid for it from having access to it.