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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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Explain how performance measurement can help improve an organization's business sustainability efforts.

To determine

Explain the manner in which performance measurement can help improve an organization’s business sustainability efforts.

Explanation

Business Sustainability:

Business sustainability is increasing the business worth for a long term, by analyzing and managing threats and opportunities of the organization for achievement of organizational strategic plans and communicating the results transparently.

Performance measurement is one of the steps adopted in business sustainability cycle. Performance measurement is conducted to analyze the financial impact of the decisions taken for business sustainability.

Managers may require to, deal with number of issues to insure long term sustainability of an organization. However, organizations have limited resources and therefore, priorities are to be assigned to each project...

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