Which of the Following Is an Inappropriate Approach to Measuring

question 36

Multiple Choice

Which of the following is an inappropriate approach to measuring performance?

• A)Comparative approach
• B)Attribute approach
• C)Consequential approach
• D)Behaviour approach

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Definitions:

Market Price

The current price at which an asset or service can be bought or sold, determined by supply and demand in the marketplace.

Economic Profit

The gap between the complete earnings and the overall expenditure, covering both overt and hidden costs.

Output

The quantity of goods or services produced within a given time period.

TR > TC

A situation where total revenue (TR) is greater than total costs (TC), indicating a company is making a profit from its operations.