Top Posters
Since Sunday
26
o
7
d
6
A
5
H
5
n
4
t
4
d
4
p
4
r
4
s
4
C
3
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
blinkrb blinkrb
wrote...
Go to Answer
Posts: 70
Rep: 0 0
A month ago
Measuring and evaluating performance is important to managers. They need to explore how individual and performance measures and other measures can be combined to create a better tool for measuring past performance and driving the future achievement of strategic goals.

Required:

Define the following terms and give one example of each that you can use in your accounting class.
a.Lagging indicator
b.Leading indicator
c.Nonfinancial measure
d.Benchmarking
e.Best practices
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 3 times
1 Reply
Replies
Answer verified by a subject expert
ramos1992ramos1992
wrote...
#1
Posts: 65
Rep: 1 0
A month ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
a.Lagging indicator — measures that can be determined only after something is
finished, measures past performance — the grade on an exam
b.Leading indicator — indicators that help predict the future — time spent studying for
exam
c.Nonfinancial measure — measure not based on financial/accounting results — how
much you like this class
d.Benchmarking — the practice of using data from other organizations to identify the
processes and practices associated with world-class performance — identifying how the student in the class with the highest test scores prepares for exams
e.Best practices — the processes that lead to the best performance — doing homework,
reading chapter material, studying for exams. However, what is best for one student might not be the best for all students.

This verified answer contains over 280 words.
1

Related Topics

blinkrb Author
wrote...

A month ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Roselalo
wrote...

Yesterday
This site is awesome
loki1345
wrote...

2 hours ago
You make an excellent tutor!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  324 People Browsing
 315 Signed Up Today
Start New Topic Take the Tour Study Tips Study ToolsNew Topics Trending Browse by Textbook
Related Images
  
 6935
  
 385
  
 80
Your Opinion
What's your favorite coffee beverage?
Votes: 257
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?