Why should an organization select multiple metrics to measure performance? Why is there a need to measure

Question:

Why should an organization select multiple metrics to measure performance? Why is there a need to measure performance using both short-run and long-run time horizons?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Core Concepts of Accounting

ISBN: 978-0470499474

2nd edition

Authors: Cecily A. Raiborn

See More Books

Question Posted: Mar 27, 2015 07:06 AM

See More Questions

Why should an organization be concerned with supplier relationships?
Why should an organization invest in supplier development programs? What are the challenges of supplier development activities?
Why should an organization care whether its members eat well or exercise regularly?
Factor by grouping. x 2 + 3x - 3y - xy
You must choose between a no-load, open-end mutual fund with an annual expense ratio of 0.85 percent but no transaction cost and an ETF with an annual expense ratio of 0.25 percent and a transaction...
A7 Claud Chapperon is a self-employed wholesale clothing distributor who began trading on 1 July 2002. His summarised accounts for the year to 30 June 2009 are shown below (figures in brackets refer...
Sweetness of orange juice The quality of the orange juice produced by a manufacturer is constantly monitored. There are numerous sensory and chemical components that combine to make the best-tasting...
Dividend yield is the annual dividend paid by a company expressed as a percentage of the price of the stock (Dividend/Stock Price 3 100). The dividend yield for the Dow Jones Industrial Average...
Choose one of your favorite brands. In your initial discussion post, explain what about the brand makes it compelling to you. How does the company use marketing to communicate the brand? Identify at...
Sketch a set of equidistant 113 planes in a cubic unit cell.
Why does an organization not need to focus solely on industry competitors when determining a benchmark comparison?
Why must an organizations reward system be aligned with its performance measurement system? Why should the reward system not be tied solely to monetary bonuses?
Examine the following for stereogenic centers: (a) 2-Bromopentane (c) 1-Bromo-2-methylbutane (b) 3-Bromopentane (d) 2-Bromo-2-methylbutane
Consider a piston with an orifice in a cylinder filled with a fluid of viscosity $\mu$ as shown in Fig. 1.106. As the piston moves in the cylinder, the fluid flows through the orifice, giving rise...
Add a function to SmallWorld that computes the global clustering coefficient of a graph. The global clustering coefficient is the conditional probability that two random vertices that are neighbors...
Show that the generators of the algebra (33.8) are related by parity. For a Dirac wavefunction the action of parity is $P \psi(\boldsymbol{x}, t) P^{-1}=\gamma_{0} \psi(-\boldsymbol{x}, t)$, up to a...
Extend the algorithm you designed for Exercise 6.2 so that it can evaluate positions that are nonterminalin other words, positions where the game has not yet finished. Your score should be positive...
In addition to tanh, another s-shaped smooth function, the logistic sigmoid function y=1 / (1+exp(x)), is commonly used as an activation function in neural networks. A common way to implement them in...
Fraud Bureaut is a free service, established to alert consumers and investors about prior complaints relating to online vendors, including sellers at online auctions, and to provide consumers,...
-x/2 x/4 If A = -x/2 and A-1 =6 then x equals
Summarize how health care managers benefit from the study of marketing.
As you might imagine, the chart of accounts for a manufacturing firm would be different from that of a service firm. Not surprisingly, service firms differ so much that software now exists for almost...
What are the purposes of accounting codes? How are they used? Bring to class some examples of codes used by manufacturing firms, accounting firms, and merchandising firms.
What are some typical outputs of an AIS? Why do system analysts concentrate on managerial reports when they start to design an effective AIS? Why not start with the inputs to the system instead?
Hite corporation intends to issue $160,000 of 5% convertible bonds with a conversion price of $40 per share. The company has 40,000 shares of common stock outstanding and expects to earn $600,000...
Your portfolio has a beta of 1.17, a standard deviation of 14.3 percent, and an expected return of 12.5 percent. The market return is 11.3 percent and the risk-free rate is 3.1 percent. What is the...
Slow Roll Drum Co. is evaluating the extension of credit to a new group of customers. Although these customers will provide $198,000 in additional credit sales, 13 percent are likely to be...

Why should an organization select multiple metrics to measure performance? Why is there a need to measure

Question:

Step by Step Answer:

For a company to succeed in the longrun it must generate profits and cash flow in the shortrun Howev...View the full answer

Core Concepts of Accounting

Students also viewed these Managerial Accounting questions