With regard to critical success factors, which one of the following would not be considered a financial measure of success? Group of answer choices Cash flow. Growth in industry productivity. Sales growth. Earnings growth. Reduction in the cost of inventory.

With regard to critical success factors, which one of the following would not be considered a financial measure of success? Group of answer choices Cash flow. Growth in industry productivity. Sales growth. Earnings growth. Reduction in the cost of inventory.

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter8: Specialized Audit Tools: Attributes Sampling, Monetary Unit Sampling, And Data Analytics Tools

Section: Chapter Questions

Problem 39CYBK

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Question

With regard to critical success factors, which one of the following would not be considered a financial measure of success?

Group of answer choices

Cash flow.

Growth in industry productivity.

Sales growth.

Earnings growth.

Reduction in the cost of inventory.

Definition Definition Net amount of cash that an entity receives and expends over the course of a given period. For a business to continue operating, positive cash flows are required, and they are also necessary to produce value for investors. Investors in particular prefer to see growing cash flows even after capital expenditures have been paid for (which is known as free cash flow).

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