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15.1: Introduction to Financial and Nonfinancial Controls

  • Page ID
    47823
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    What you’ll learn to do: explain the use of financial and nonfinancial controls in business

    Companies need both financial and nonfinancial controls to achieve goals, remain competitive in industry, and be successful. Financial controls include budgets and various financial ratios. These evaluate the performance of an organization. One important nonfinancial control is quality management.

    Contributors and Attributions

    CC licensed content, Original
    • Introduction to Financial and Nonfinancial Controls. Authored by: Talia Lambarki and Lumen Learning. License: CC BY: Attribution

    This page titled 15.1: Introduction to Financial and Nonfinancial Controls is shared under a CC BY 4.0 license and was authored, remixed, and/or curated by Lumen Learning via source content that was edited to the style and standards of the LibreTexts platform; a detailed edit history is available upon request.

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