Which of the following statements is FALSE regarding financial and nonfinancial measures of performance?
A)Nonfinancial measures may help to anticipate and explain financial results.
B)Financial measures include aggregate measures.
C)Nonfinancial measures may help to identify the causes of financial results.
D)Financial measures are lead indicators of future success.

Question

Quizplus · Accepted Answer

Financial measures are often lag indicators, reflecting the historical performance of an organization rather than predicting future success. Nonfinancial measures are more likely to serve as lead indicators, providing insights into the factors that drive financial performance.

Which of the Following Statements Is FALSE Regarding Financial and Nonfinancial