15.1: Introduction to Financial and Nonfinancial Controls
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