A Performance Measure Is Actionable If

question 99

Multiple Choice

A performance measure is actionable if

• A)something can be done to influence its value.
• B)it is complete and accurate.
• C)it is clearly and directly related to the process it measures.
• D)it is based on actual results rather than on estimates.

---

Definitions:

Relevance

The quality of information that is capable of making a difference in the decisions made by the users of financial information.

Verification Costs

Expenses associated with ensuring that a product, service, or system meets specific standards or requirements.

Dissemination Costs

Expenses associated with the distribution or sharing of information to the public or specific target audiences.

Collection

An effort to accumulate amounts due from debtors, or the process of recovering financial obligations.