What Is the Fundamental Problem of Any Type of Performance

question 84

Multiple Choice

What is the fundamental problem of any type of performance management system?

• A)It is purely to do with financial ratios
• B)Middle and junior managers work towards short-term targets, which must always be consistent with long-term goals
• C)Performance goals are short term, whereas performance targets need to be monitored over the long term
• D)Managerial, politics, and personal interests need to be taken into account

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Definitions:

Worksheet

A paper or digital document used to organize and summarize data for analytical, accounting, or other purposes, often facilitating easier decision-making.

Depreciated

The decrease in the value of an asset over time, typically due to wear and tear or obsolescence.

Equipment

Tools, machinery, or other apparatus necessary for the manufacture of goods, provision of services, or office operations.

Accrued Expense

An expense that has been incurred but not yet paid for.