Multiple Choice
An important difference between financial measures of quality and nonfinancial measures of quality is
a. financial measures of quality tend to be useful indicators of future long-term performance, while nonfinancial measures have more of a
short-term focus.
b. nonfinancial measures of quality tend to be useful indicators of future long-term performance, while financial measures of quality have
more of a short-term focus
c. nonfinancial measures are generally too subjective to have any long-term value.
d. there is no substantive difference between the financial and nonfinancial measures of quality.
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