Comprehensive performance measurement in public and nonprofit organiza- LO 1, 5 tions Organizations in the public and nonprofit sector, such as government agencies and charitable social service entities, have financial systems that bud¬ get expenses and monitor and control actual spending. Explain why these or¬ ganizations should consider developing a comprehensive set of performance measurements (including nonfinancial measures) to monitor and report on their performance. What should be the various perspectives in such a comprehensive set of measurements?

(LO 4, 5)