Meaningful, long-term performance standards can be provided by taking into account nonfinancial measures such as ________.
A)union relations
B)taxes
C)transfer pricing
D)exchange-rate fluctuations

Question

Quizplus · Accepted Answer

Nonfinancial measures such as union relations can provide insights into key organizational drivers that impact long-term performance. By incorporating nonfinancial measures into performance standards, companies can gain a more holistic view of their performance and make more informed decisions. Transfer pricing, taxes, and exchange-rate fluctuations are all financial measures that may impact short-term performance, but they do not provide a comprehensive view of long-term success.

Meaningful, Long-Term Performance Standards Can Be Provided by Taking into Account