When Developing Standards of Performance, the Type of Standard That

question 21

Multiple Choice

When developing standards of performance, the type of standard that is most useful for planning and control is:

• A)an attainable standard.
• B)a logical standard.
• C)a negotiated standard.
• D)a past performance standard.

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Definitions:

Commercial Banks

Financial institutions that accept deposits, offer checking account services, and make various loans to businesses and individuals.

Open Market Operations

Central bank activities that buy and sell government securities in the open market to influence liquidity and interest rates.

Federal Reserve

The central banking system of the United States, responsible for monetary policy, regulating banks, maintaining the stability of the financial system, and providing financial services.

United States Treasury

It is the national treasury of the United States, responsible for issuing all Treasury bonds, notes, and bills and managing the federal government's revenue and debt.