Performance Measurement Is Important Because

question 36

Multiple Choice

Performance measurement is important because

• A) it allows firms to rate competitors.
• B) without it, managers would not know how the global economy is doing.
• C) companies presently operating in the European Economic Community need to understand how its competitors are doing.
• D) lower-level metrics in an organization must connect directly to the high-level performance to achieve goals.

Comprehend the factors contributing to economic downturns in the early 1990s.

Grasp the implications of geopolitical changes, such as the end of communism in Europe, on globalization and the U.S. economy.

Evaluate the impact of technological advances on scientific work and society.

Understand the broad influence of biological factors, such as testosterone and genetics, on aggression.

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Definitions:

Short-Term Lease

A lease agreement with a duration, typically less than a year, used for temporary asset usage.

Fixed Asset

A long-term tangible piece of property that a firm owns and uses in its operations to generate income.

Rent Expense

The cost incurred for leasing premises or equipment for business operations, typically recognized as an expense.

Liability

A financial obligation or amount owed by a business to another entity, typically categorized as current or long-term.