Question

Employee morale, timeliness of delivery, and the reactions of customers are examples of nonfinancial factors that should be considered when making a managerial decision.

a. True
b. False

Answer 1

The answer to this statement is true because it is true that nonfinancial factors are the ones that does not involve money such as having the reactions of customers, the time in terms of having things being delivered and the morale of the employees. Thus, it makes it important in managerial decision as managerial decision are being done in order to judge things, asses and evaluate in order to manage things with the use of ideas or choices that is being brought up. So the nonfinancial factors serves important as they are ideas and choices that are considered to be needed in having managerial decision made. This, supports the statement as it is true.