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Measuring Organizational Performance Includes Comparing Expected Results to Actual Results

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Measuring organizational performance includes comparing expected results to actual results, investigating deviations from plans, evaluating individual performance, and examining progress being made toward meeting stated objectives.


Definitions:

Aggregate Consumption

The total amount of goods and services consumed in an economy within a given period.

Consumption Function

A mathematical expression describing the association between gross national income and the total amount spent on consumption.

Least Squares Estimates

Least squares estimates are those that correspond to the smallest sum of squared distances, or errors.

Child Mortality

The statistical measure of the number of deaths of children under a certain age in a given population.

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