Which of the Following Is a Measure of Performance That

question 36

Multiple Choice

Which of the following is a measure of performance that, if accomplished, should lead to a desired result?

• A) Lagging indicators
• B) Leading indicators
• C) Outcome indicators
• D) Market share indicators

---

Definitions:

Specialize

Refers to the process of focusing on a specific area of knowledge or skill within a broader field.

Comparative Advantage

The ability of a party to produce a particular good or service at a lower marginal and opportunity cost over another.

Absolute Advantage

The ability of a country or entity to produce a good or service more efficiently than its competitors.

Absolute Advantage

Refers to the ability of a country, company, or individual to produce a good or service at a lower cost per unit than any competitor using the same amount of resources.