This Type of Performance Measure Typically Involves Comparison of a Firm's

question 20

Multiple Choice

This type of performance measure typically involves comparison of a firm's performance in a given area against the performance of other companies.

• A)balanced scorecard
• B)benchmarking
• C)scenario analysis
• D)cost benefit analysis

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Definitions:

Positive Instrumentalities

The belief that if one performs well, this will lead to valued outcomes or rewards.

Performance-contingent Basis

A system or approach where rewards, such as bonuses or promotions, are given based on the achievement of specific performance targets or outcomes.

Employee Needs

The requirements or desires of workers, including physiological, safety, social, esteem, and self-actualization needs, that influence motivation and job satisfaction.

Instrumentality

The perception that a particular level of performance will result in the attainment of desired outcomes or rewards.