1) What are at least three International Accounting Standards? Are these standards the same as U.S. standards? Explain your response. Is it to have global standards? Explain your responses.
2) What are some business decisions that managers could make? What tools will they use to make recommendations regarding these business decisions? Why would they use these tools? How will they measure the success of their recommendations?
3) What are some nonfinancial performance measures? What do they tell us about the performance of an organization? Why is it important for managers to include nonfinancial performance standards in their analysis of their operations.