Poole Contractors Makes a Contract with Delta Resources to Pay

question 25

Multiple Choice

Poole Contractors makes a contract with Delta Resources to pay $50, 000 for the supply of 500 truckloads of sand within next week.Delta Resources delivers the sand in two days after the contract was made.Poole Contractors pays the $50, 000 promised in the contract.This is an instance of ________.

• A)substantial performance
• B)material breach
• C)minor breach
• D)strict performance

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Definitions:

Non-Financial Performance Measures

Indicators used to assess aspects of an organization's operations that are not directly quantifiable in monetary terms, such as customer satisfaction or employee engagement.

Internal Business Process

Operations and strategies within a company that contribute to its goals and objectives, often focusing on efficiency and effectiveness.

Balanced Scorecard

A system for strategic planning and management that ensures business operations are in line with the organization's vision and strategy, enhances communication internally and externally, and tracks the organization's performance in relation to strategic objectives.

Performance Measures

Quantitative indicators used to assess the efficiency, effectiveness, and performance of an organization's operations.