Define Nonfinancial Performance Measures

question 99

Essay

Define nonfinancial performance measures. What are they used for and what are some common examples?

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Definitions:

Nonprogrammed

Decisions or actions that are made to address unique, non-recurring situations that require specific handling.

Programmed

Refers to actions, decisions, or operations that are established in advance through a set of rules or algorithms.

Nonprogrammed

relates to decision-making or solutions that are not based on established procedures or guidelines, often required in unique, unforeseen, or complex situations.

Complex Nature

The intricate and multifaceted characteristics of a system, problem, or entity that make it challenging to understand or manage.