Which of the Following Statements Is(are) True Regarding Performance Measures

question 39

Multiple Choice

Which of the following statements is(are) true regarding performance measures?
(A) In general, objective performance measures are better than subjective performance measures.
(B) In general, the use of multiple performance measures is better than the use of single performance measures.

• A) Only A is true.
• B) Only B is true.
• C) Both of these are true.
• D) Neither of these is true.

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Definitions:

Event

An occurrence or outcome that is of interest in probability and statistics, which can be quantified and analyzed.

Experiment

A procedure carried out under controlled conditions to test a hypothesis or observe a phenomenon.

Decision Maker

An individual or entity responsible for making choices or decisions, often in a business or organizational context.

Simple Events

Fundamental events that cannot be decomposed into simpler components, representing a single outcome of a random experiment.