As the senior accountant at Active Quality Sportswear (AQS), which manufactures sport attire for men, women, youth, and children, your role with the budget process continues. You are very pleased with how well the budget workshop held on February 20th went. Department managers came, were engaged, and asked a number of important questions. Jacob Jones advised department managers that you would follow up in a memo to address a few of the department managers questions.

QUESTION: What is managerial performance measurement?