A Focus on Progress Measurement Is Important Because

question 25

Multiple Choice

A focus on progress measurement is important because:

• A) It can assist in making important decisions about downsizing
• B) It is a means of monitoring change and what gets measured is likely to have a significant impact on how people act
• C) It can justify managerial decisions and explain failure of managerial efforts
• D) It provides information from an organizational historical perspective and those that do not study history are condemned to repeat it

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Definitions:

Percentage Increase

A measure of how much a quantity has grown relative to its original value, expressed as a percentage.

Sales Data

Information that represents the quantity sold and revenues generated from goods or services over a certain period of time.

Vertical Analysis

A financial analysis method that lists each account on the financial statements as a percentage of a base number.

Gross Profit Margin

A financial metric that measures the difference between revenue and cost of goods sold (COGS), expressed as a percentage of revenue.