The measure which provides the feedback on manager's performance, considering individual aspects only is classified as ___________?
Correct answer: C. non-financial measures
- A. effectively measure
- B. lump sum measure
- C. non-financial measures
- D. financial measures
Explanation
Non-financial measures give focused feedback on individual operating aspects, such as quality, delivery time, or customer satisfaction. Financial measures generally summarize performance in monetary terms rather than isolating each operating dimension.
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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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