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Which of the following is a reason why financial measures may not convey the full picture of a company's performance?
Which of the following is a reason why financial measures may not convey the full picture of a company's performance?
- Non-financial indicators are too difficult to quantify
- Modern businesses are not concerned with product quality
- Traditional accounting systems do not measure important variables (correct)
- Financial measures are too complex to understand
What are some examples of non-financial indicators that companies may use to measure their performance?
What are some examples of non-financial indicators that companies may use to measure their performance?
- Advertising spend and marketing ROI
- Sales revenue and profit margin
- Employee satisfaction and turnover rate (correct)
- Inventory turnover and accounts payable
Why is successful execution of variables like product quality and customer satisfaction essential for a company's success?
Why is successful execution of variables like product quality and customer satisfaction essential for a company's success?
- They are important factors in competing in the modern business environment (correct)
- They help the company save money
- They are directly measured by a traditional accounting system
- They make the company look good to investors
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