Question

A system of performance measures, including nonfinancial measures, used to assess company and division manager performance is: _________

a. Hurdle rate.
b. Return on investment.
c. Balanced scorecard.
d. Residual income.
e. Investment turnover.

Answer 1

Answer:

C. Balanced scorecard

Explanation:

Most company assesses the performance of its division manager through a non financial measurement. This process is called balanced scorecard. It measures how well these managers have performed overtime without any financial measurement.

This system enables a manager to give account of how well he or she has performed during the course of carrying out his or her duties.