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22 September, 11:02

Financial measures are the sole means for making management decisions. T/F

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  1. 22 September, 14:57
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    False

    Explanation:

    Management decisions are based on multiple variables. Here, by variables we mean that internal and external factors. These can be any.

    When making management decisions only financial measures are not present, rather measures for human resource, measures for production, measures for customer relations, measures for performance are all related to management decisions.

    Now that depends on the kind of decision a management wants to take, it not necessarily relates to financial measures every-time.

    Thus, the above stated statement is false.
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