Which one of the following statements about non-financial performance measures is correct?
A)Non-financial measures do not involve the calculation or recording of any numbers
B)Although non-financial measures can be useful, financial measures always provide more relevant information to managers
C)The most appropriate non-financial measures vary, depending upon the nature of the organization
D)There is a common set of non-financial measures that are applicable in any organization

Question

Quizplus · Accepted Answer

The appropriateness of non-financial measures varies depending on the nature of the organization. Different organizations have different goals and objectives, and as such, the non-financial measures that are relevant to them will differ as well. Therefore, there is no universal set of non-financial measures that are applicable in any organization.

Which One of the Following Statements About Non-Financial Performance Measures