A firm's ________ is a measure of its competitive advantage calculated using information from a firm's published profit and loss and balance sheet statements.
A) economic performance
B) accounting performance
C) strategic performance
D) sustainable performance

Question

Quizplus · Accepted Answer

The term "published profit and loss and balance sheet statements" indicates that the measure being referred to is an accounting performance measure. Option A (economic performance) is a broad term that includes multiple dimensions such as productivity, efficiency, and profitability. Option C (strategic performance) and option D (sustainable performance) are not commonly used accounting terms. Therefore, option B (accounting performance) is the most appropriate choice.

A Firm's ________ Is a Measure of Its Competitive Advantage