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Measures that analyze performance of a company, such as residual income, economic value added and customer satisfaction are collectively called
Answer & Solution
Correct Answer:
Option
D
Measures that analyze performance of a company, such as residual income, economic value added and customer satisfaction are collectively called diagnostic control systems. Diagnostic Control System is a traditional management control system used to monitor and optimize targets and outcomes: budgets, performance management and measurement, business plans, valuation standards, incentive systems and compensation systems.
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