In general,it is better for firms to measure and report their performance using

Question

Quizplus · Accepted Answer

It is best for firms to measure and report their performance using both absolute and relative measurements. Absolute measurements provide a clear understanding of the firm's performance in terms of specific metrics such as revenue or profit, while relative measurements allow for comparison with competitors or industry standards. Using both types of measurements provides a more comprehensive view of the firm's performance and enables better decision-making. Descriptive prose rather than numbers may provide qualitative insights, but it lacks the precision and objectivity of numerical measurements.

In General,it Is Better for Firms to Measure and Report