Which of the Following Has Been Shown to Be True

question 108

Multiple Choice

Which of the following has been shown to be true in court?

• A) Vague performance standards can be acceptable when clearly written.
• B) Organizations should have carefully defined and measurable performance standards.
• C) While performance standards should be somewhat specific, there should be room for individual interpretation.
• D) Descriptions of traits such as attitude and cooperation are acceptable performance standards.

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Definitions:

Value Engineering

A systematic method to improve the "value" of goods or products and services by using an examination of function.

Target Price

The price at which an investor aims to buy or sell a stock based on future price predictions.

Target Selling Price

The target selling price is the price at which a company aims to sell its product or service, taking into account production costs, desired profit margins, and market conditions.

Profit Margin

A financial metric expressing the percentage of revenue that remains as profit after all expenses are deducted from gross sales.