Given, Financial indicators: gross insurance premiums and return on investment. Economic indicators: policies, practices, and expenditures on
Question:
Given, Financial indicators: gross insurance premiums and return on investment.
Economic indicators: policies, practices, and expenditures on local suppliers, as well as procedures for recruiting local employees and development initiatives that are primarily for the benefit of the public.
Social indicators: Employer satisfaction ratings, the ratio of women in senior management positions, the number of indigenous employees, the customers' ethical ratings of sales people, and the percentage of formerly unemployed youth hired
Environmental indicators: number of tonnes of paper recycled per year, the percentage reduction in power consumption, and the number of litres of gasoline used per dollar of sales.
1. Explain how adopting these Key performance indicators can help a firm to grow sustainably?
2. Also suggest alternative performance indicators that can be included.
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher