Caterpillar Inc. - Construction Manufacturing Industry
V. What is the organization’s measurement and control system? (Include Global Considerations.)
A. Current financial position - Is the organization financially sound?
B. Compare with competitors and industry standards. (Use various financial analysis tools.)
C. What are the organization’s Key Performance Indicators (KPI’s)?
A performance measurement control system is a tool used by organizations to control the performance and outcomes in business operations. It is designed to help managers make decisions regarding how business is conducted.
It provides investors with a baseline of analysis for—and comparison between—the financial health of securities-issuing corporations.
It helps creditors assess the solvency, liquidity, and creditworthiness of businesses.
Along with its cousin, managerial accounting, it helps businesses make decisions about how to allocate scarce resources.
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