A major strength of financial measures is that they provide a standardised measure in monetary terms, whereas non-financial measures are difficult to measure and therefore are rarely used in performance assessment systems.

Question

Quizplus · Accepted Answer

Non-financial measures are frequently used in performance assessment systems alongside financial measures because they can provide valuable insights into areas such as customer satisfaction, employee performance, and operational efficiency, which are not captured by financial metrics alone.

A Major Strength of Financial Measures Is That They Provide