Key performance indicators or KPI
What do you mean by the term key performance indicators or KPI? Explain in brief?
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Key performance indicators or KPIs: These comprise the traditional financial measures like return on capital used. KPIs now, though, usually comprise a significant proportion of non-financial indicators to aid assess the prospects of long-term success. To assist decision making, the management accountant has rousingly shouldered responsibility for reporting the non-financial measures concerning quality, product innovation, product cycle times, delivery times and so forth.
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Differential Cost: The cost difference predicted when one course of action is adopted rather than others.
What do you mean by Service: It is an intangible product or task rendered directly to a client or customer.
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Identify and evaluate the strategic options in brief?
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Variance: The rate, amount, extent, or degree of change, or the divergence from a preferred state or characteristic.
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