A measure which evaluates overall tradeoff and effect among non-financial performance measure is _____________?
Correct answer: B. financial measures
- A. non-financial measures
- B. financial measures
- C. effective measure
- D. lump sum measure
Explanation
Financial measures summarize the overall economic effect and tradeoffs of changes in non-financial measures such as quality, delivery time and customer satisfaction. Non-financial measures describe individual operating results but do not aggregate their financial impact.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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