Question

. A nonfinancial performance measure is often used to evaluate the __________ of a business activity. time quality quantity All of these choices are correct. 2. All of the following are examples of nonfinancial performance measures except inventory turnover. wait time. number of customer complaints. price variance.

Answer 1

Answer:

1. All of these choices are correct

2. Price variance

Explanation:

1. A nonfinancial performance measure is often used to evaluate the TIME, QUALITY, and QUANTITY of business activity. Hence, in this case, the correct answer is "All of these choices are correct." This is because the nonfinancial performance measures business activities that are not money related or expressed in terms of money

2. All of the following are examples of nonfinancial performance measures except PRICE VARIANCE.

This is because the nonfinancial performance measures business activities that are not money-related or expressed in terms of money.

Hence, inventory turnover, wait time, and a number of customer complaints are not expressed in monetary units. While Price variance is expressed in monetary units.