What Source of Information Used to Measure Performance Provides Information

question 22

Multiple Choice

What source of information used to measure performance provides information that is NOT filtered through others?

• A)statistical reports
• B)oral reports
• C)personal observation
• D)standardised tests
• E)written reports

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Definitions:

Nonprice Rationing

Allocating goods or services using means other than prices, such as waiting times or ration coupons, often used when there is a shortage or when market prices are not effective.

Queuing

The process of lining up or waiting in a line, often analyzed in operations to improve service efficiency.

Government

The organization that is the governing authority of a political unit, the ruling power in a political society, and the apparatus through which a governing body functions and exercises authority.

Price Ceiling

A government-imposed limit on how high a price can be charged on a product or service, intended to protect consumers from market conditions that could make commodities unaffordable.